Did you get married during the pandemic, according to HMRC? Help with taxes is now accessible.
HMRC is advising couples who married during the coronavirus shutdown restrictions to check if they are eligible for Marriage Allowance. This is a benefit provided by the state that allows applicants to lower their tax bills.
Marriage allowance should be claimed by couples who married during the shutdown, according to HMRC. This is a benefit provided by the state that allows applicants to lower their tax bills.
“Got married during lockdown?” HMRC inquired.
“You may be eligible for Marriage Allowance whether you had 25 guests, 10 guests, or none at all.
“Verify your eligibility and file a claim.” It’s simple and quick to do, and it’ll only take a few minutes.”
Marriage Allowance allows applicants to transfer £1,260 of their Personal Allowance to their spouse, civil partner, or child.
According to the government, this saves them up to £252 in tax during the tax year.
To qualify as a couple, the claimant’s (lower-earning) income must be less than the Personal Allowance, which is usually £12,570.
When transferring a portion of a Personal Allowance to a husband, wife, or civil partner, the individual may have to pay more tax, but the couple’s overall costs should be lower as a consequence.
So long as claimants are qualified, Marriage Allowance claims can be backdated to any tax year since 2017.
A claim for Marriage Allowance can be lodged if all of the following conditions are met:
Marriage Allowance can be requested via the government’s website, a Self Assessment, or by writing to HMRC.
The application process is free, however candidates must have both themselves and their partner’s National Insurance numbers on hand.
Claimants must also provide at least two forms of identification, which can include a P60, UK passport data, or a most recent payslip.
The claim should be made by the couple’s lowest earner, but if either earns money through dividends or savings, they may need to consider who should submit the claim.
Following a successful claim, HMRC will transfer the claimant’s allowance to the claimant’s spouse, which can be done in one of two ways:
To reflect the moved allowance, both the claimant and their partner will receive new tax codes.
If a person is getting the allowance, their tax code will finish in “M,” and if they are not, it will end in “N.”