Let's talk about Your Business
You have ideas and questions aplenty about your business and are looking to talk them through. Schedule a date and time that is convenient for you to arrange a no commitment consultation with one of our team.
You have ideas and questions aplenty about your business and are looking to talk them through. Schedule a date and time that is convenient for you to arrange a no commitment consultation with one of our team.
The Marriage Allowance is scheduled to come into effect in the 2015-16 tax year.
In a major change to the personal tax regime, this could enable you to transfer up to £1,060 of your Personal Allowance to your husband, wife or civil partner. This, in turn, could reduce their Income Tax by up to £212 in the year.
You will be able to claim the Marriage Allowance if all four of the following conditions apply:
If this is the case, you can now register online at https://www.tax.service.gov.uk/marriage-allowance/register. HMRC will then contact those who have registered in April and invite them to apply.
The £1,060 limit will increase automatically in line with any increase in the Personal Allowance in future tax years.
If you would like to discuss the Marriage Allowance in particular or your tax affairs in general, please email us at welcome@cooperfaure.co.uk for an initial consultation that is free and without obligation.
One of the main benefits of operating through a UK Limited Company is that you are able to reclaim a…
Bounce Back Loan abuse is in the news…the Insolvency Service is to be given new powers to crackdown on Bounce…
The government announced yesterday that they will delay Making Tax Digital for the Self-Employed and Landlords until April 2024. This…