Feb 8th, 2024Press Release

Kingswood Allotts Business Update - Jan/Feb 2024

Marriage allowance – savings and pitfalls

Married couples and those in a civil partnership are being urged by HMRC to check whether they can benefit from the marriage allowance. It takes just 30 seconds to see if you are eligible for an annual tax saving of up to £252. The marriage allowance is often ignored or misunderstood, but HMRC’s online marriage allowance calculator will instantly work out any tax saving. All that’s needed is gross income – from all sources – for you and your partner.

Alongside this feature, our other stories include:

Corporate tax reliefs extended

Living with fiscal drag – tax impacts

Small company scrutiny increases

Tax and accounting changes boost for self-employed

Basis period reform

ISA reforms loosen restrictions

Small company scrutiny increases

Read the full document here >