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Daily Archives: January 6, 2022

Making your joint income tax efficient

Annual Returns, Bookkeeping, CIS Returns, Finance News, Management Accounts, Payroll Solutions, VAT ReturnsBy [email protected]January 6, 2022Leave a comment

In some situations married couples and civil partners can elect how they split their joint income for tax purposes. It’s a useful tax-planning tool, but the drawback is that once made an election can’t be revoked. Is there a way around this?

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