Marriage allowance swap

may333

I have been previously transferring the marriage allowance to my husband as he earned above the threshold and I was below it .However I am now receiving my state pension and working part tine so this year I will be above the threshold and my husband will be below it due to his reduced hours .
 Is it going to be possible to swap the marriage allowance between us this year or will we have to wait till after April 2023?
I hadn't realised before now that it needed doing due to our change in circumstances this year. I see that i can cancel it online but then will he be allowed to transfer to me immediately to take effect this year ?  

molerat

If you cancel it will run to the end of the tax year.  He can then apply next year.

https://www.gov.uk/marriage-allowance/if-your-circumstances-change

https://www.legislation.gov.uk/ukpga/2014/26/section/11/enacted

Dazed_and_C0nfused

molerat said:

If you cancel it will run to the end of the tax year.  He can then apply next year.

https://www.gov.uk/marriage-allowance/if-your-circumstances-change

https://www.legislation.gov.uk/ukpga/2014/26/section/11/enacted

And if that leaves you (as a couple) worse off for this tax year you could try contacting HMRC on the number here,

https://www.gov.uk/marriage-allowance/if-your-circumstances-change

sheramber

You need to notify them before the end of the tax year so that it is not automatically carried forward to next year.

No change will be made for the current year but what you lose to tax your husband will gain. SO , as a couple, you will not be any worse off.

may333

Thanks . Would he be able to then backdate it to include this tax year as it says you usually can,  or is it not possible for this scenario? 

Dazed_and_C0nfused

sheramber said:

You need to notify them before the end of the tax year so that it is not automatically carried forward to next year.

No change will be made for the current year but what you lose to tax your husband will gain. SO , as a couple, you will not be any worse off.

I don't think that's what the op is saying though

However I am now receiving my state pension and working part tine so this year I will be above the threshold and my husband will be below it due to his reduced hours .

old_dinosaur

Hi We are in the situation see my Old dinosaur post and I shall have to pay tax because my other half has my allowance and he is now well below the tax allowance so we will lose out!

Dazed_and_C0nfused

old_dinosaur said:

Hi We are in the situation see my Old dinosaur post and I shall have to pay tax because my other half has my allowance and he is now well below the tax allowance so we will lose out!

You appear or have ignored the last post on your thread.

sheramber

old_dinosaur said:

Hi We are in the situation see my Old dinosaur post and I shall have to pay tax because my other half has my allowance and he is now well below the tax allowance so we will lose out!

Your husband could apply to transfer part of his allowance to you for that year if he doesn't need it.

may333

Re the original post ,having spoken to HMRC I can do the allowance swap next year 2023 -2024 but there is no way to transfer allowance this tax year .

Dazed_and_C0nfused

may333 said:

Re the original post ,having spoken to HMRC I can do the allowance swap next year 2023 -2024 but there is no way to transfer allowance this tax year .

I don't believe that is correct.

If I understood your original post correctly you will be paying tax in the current tax year (to 5 April 2023).

And your spouse wont be paying tax.

Is that because his income (to 5 April 2023) is large enough that he benefits from the Marriage Allowance credit or will his income be less than £12,570?