Married People: Tax Allowances
(asked on 29th March 2023) - View Source
Question to the HM Treasury:
To ask His Majesty's Government, further to the Written Answer by Baroness Penn on 20 February (HL5473), what estimate they have made of the total cost of marriage tax allowance; and what recent assessment they have made of raising the threshold.
This question was answered on 13th April 2023
The Marriage Allowance is estimated to cost £600 million in 2022-2023.
The Chancellor has made clear that the UK’s public finances must be on a sustainable path. For this reason, the Marriage Allowance has remained targeted at basic rate taxpayers, and those who earn below the Personal Allowance.