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April 16, 2020
Question

What does "Have you received or sent transfer allowance amount?" mean when I am setting up my tax profile

  • April 16, 2020
  • 1 reply
  • 0 views
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1 reply

AlcaeusF
Level 14
April 16, 2020

Welcome to the QuickBooks family, @firstgeardriving.

 

I'm glad to see you reaching out to us about setting up a tax profile in QuickBooks Self-Employed. I can share what I know of this specific section.

 

In the United Kingdom, you can benefit from the marriage allowance by transferring funds to your husband, wife, or civil partner. However, it's applicable if you apply for it in HMRC.

 

In case you want to know more, please visit this article for your reference: https://www.gov.uk/marriage-allowance.

 

Additionally, I recommend the following resource, which contains detailed steps and screenshots for the mobile app and desktop browser: Make Self Assessment easier.

 

Please know that the Community has your back if you need assistance. It’s a place for you to connect with experts and peers. Wishing you and your business continued success.