Marriage tax allowance rejected
Married couples are spurning David Cameron’s marriage tax allowance, which allows people to transfer £1,060 of their personal tax allowance to their spouse or civil partner, because the £212 annual reward is deemed negligible due to its complexity. Only 330,000 people have taken advantage of the allowance, equivalent to 8% of those eligible. People were also put off by the level of personal information required when submitting an application and penalties for submitting incorrect information, according to HMRC research.
Source: The Daily Telegraph (23/07/2016)