UK Wedding News
25/06/2013
Treasury Minister, David Gauke, has said tax breaks for married couples will be written into law before the next election.
According to The Telegraph, Mr Gauke said the government is "firmly committed" to helping married couples within the next two years.
It is thought the tax breaks would be worth up to £150.
Conservative MPs welcomed the news, but have now put pressure on Prime Minister David Cameron to provide a date from when the break would come into force.
A senior Government source is quoted as saying "all options are open", but the most likely date is April 2015 – during the next general election campaign.
However, the source added that ministers could legislate for the change in this parliament and delay its implementation.
Under the new proposals, husbands or wives who do not work, would be able to transfer art of their tax-free allowance to their spouse if their partner earned less than the basic rate of tax, currently set at £34,370 a year.
In Mr Gauke's letter to fellow ministers, he said: "We will also ensure that provision is made for Liberal Democrat MPs to abstain on budget resolutions to introduce transferable tax allowances for married couples without prejudice to the Coalition Agreement.
"The Prime Minister and Chancellor have consistently made clear that we remain committed to recognising marriage in the tax system. I know that many of you will have heard the Chancellor set out his commitment to deliver on this during the course of this parliament. An announcement on details of how we will legislate for this in this parliament will be made by the Chancellor in due course."
The Chancellor is expected to announce on Wednesday that he has managed to find a further £11.5bn in cuts as part of his Spending Review for 2015/16.
(JP/CD)
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Married Couples To Be Offered Tax Breaks
Treasury Minister, David Gauke, has said tax breaks for married couples will be written into law before the next election.
According to The Telegraph, Mr Gauke said the government is "firmly committed" to helping married couples within the next two years.
It is thought the tax breaks would be worth up to £150.
Conservative MPs welcomed the news, but have now put pressure on Prime Minister David Cameron to provide a date from when the break would come into force.
A senior Government source is quoted as saying "all options are open", but the most likely date is April 2015 – during the next general election campaign.
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However, the source added that ministers could legislate for the change in this parliament and delay its implementation.
Under the new proposals, husbands or wives who do not work, would be able to transfer art of their tax-free allowance to their spouse if their partner earned less than the basic rate of tax, currently set at £34,370 a year.
In Mr Gauke's letter to fellow ministers, he said: "We will also ensure that provision is made for Liberal Democrat MPs to abstain on budget resolutions to introduce transferable tax allowances for married couples without prejudice to the Coalition Agreement.
"The Prime Minister and Chancellor have consistently made clear that we remain committed to recognising marriage in the tax system. I know that many of you will have heard the Chancellor set out his commitment to deliver on this during the course of this parliament. An announcement on details of how we will legislate for this in this parliament will be made by the Chancellor in due course."
The Chancellor is expected to announce on Wednesday that he has managed to find a further £11.5bn in cuts as part of his Spending Review for 2015/16.
(JP/CD)
Top stories
20/03/2020
LeToya Luckett-Walker Is Pregnant
Charlotte Crosby Finds New Romance
Lydia Bright Gets Candid About Giving Birth
Lana Del Ray Splits From Boyfriend
Angelica Ross Learns Of Boyfriend's Secret Life
Ashley Graham's Breastfeeding Struggle
Susanna Reid's Mother's Day Plans
Lin-Manuel Miranda Homeschooling Kids
Kristen Bell Speaks Of Pride For Daughters
Prince George & Princess Charlotte Now Homeschooled
