Tax Relief

1.eight million {couples} profit from further tax breaks throughout the UK

Marriage Allowance is available to eligible married couples and persons in a civil partnership where one spouse or partner is not taxable, ie has an income below their personal allowance (currently £ 12,570).

The marriage allowance allows the lower income partner to transfer up to £ 1,260 of their personal tax-free allowance to their spouse or domestic partner. The tax exemption can only be claimed if the recipient of the transfer (the higher-income partner) does not pay more than the base tax rate of 20% of the income tax. This would typically mean their income would be between £ 12,570 and £ 50,270 over the 2021-22 period. The borders are a little different when you live in Scotland.

If you are eligible for the marriage allowance and have not yet applied, you can receive a payment of up to £ 1,220 from HMRC. HMRC uses the summer wedding season to remind couples to make a claim. It is estimated that while nearly 1.8 million couples have already applied for the marriage allowance, there are still about 2 million eligible couples who have not applied.

If you meet the eligibility requirements and have not yet used the exemption, you can submit your application retrospectively until April 6, 2017. This can result in a total tax reduction of up to £ 1,220 for 2017-18, 2018-19, 2019-20, 2020-21 and the current tax year 2021-22.

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Deposit and withdraw cash to and from the UK

If you are carrying cash of £ 10,000 or more when entering or leaving the UK (England, Scotland and Wales) or any other country, you must declare this.

UK travelers are required to indicate whether they are carrying cash of £ 10,000 or more when traveling to Northern Ireland. When leaving Northern Ireland, there is no obligation to declare if you are taking cash with you to Great Britain or entering or leaving an EU country.

Travelers must also declare cash of € 10,000 or more when taking it between Northern Ireland and a non-EU country.

The definition of cash includes:

  • sorts
  • Bearer bonds
  • Travelers checks
  • Checks (including travelers checks) signed but not made out to any person or organization

For Northern Ireland, the definition of cash has been expanded with effect from June 3, 2021 to include money orders, gold coins, bars or nuggets and prepaid cards.

An online form is available on GOV.UK with which the declaration can be submitted at any time within 72 hours prior to departure.

If you are traveling in a group, you must indicate whether the total amount of cash carried exceeds £ 10,000 / € 10,000. There are fines of up to £ 5,000 for failing to explain or providing false information.

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