Funding has also been provided to the Department of Children, Equality, Disability, Integration and Youth to continue its implementation of the planned International Protection Support System.
This is special once-off EU funding for measures addressing the economic and social consequences of Brexit. The costs incurred must be directly linked to countering the adverse effects of the UK's withdrawal. If you have a question about this topic you can contact the Citizens Information Phone Service on 07 Monday to Friday, 9am to 8pm. You can also contact your local Citizens Information Centre or Request a call back from an information officer. Introduction Budget was announced on Tuesday, 12 October More detail on Budget announcements will be added to this document in the coming days.
More information on Budget You can access a range of information from gov. Tobacco Products Tax Tax on tobacco products will increase from 13 October. Disability and illness payments The minimum paid PRSI contributions required to qualify for Treatment Benefit will decrease from 5 years weeks to 9 months 39 weeks for people aged between 25 and 28 June Farm Assist The list of agri-environmental schemes that attract a disregard under the Farm Assist scheme will be amended October Free GP care for 6 and 7 year olds will be introduced.
Income tax The rate of income tax will stay the same, but tax credits will be increased. Leave for parents Parent's leave and Parent's Benefit will be extended by 2 weeks to 7 weeks from July Commercial rates waiver The waiving of commercial rates due to local authorities has been extended until the end of to support businesses impacted by COVID Supports for investment in business Gaming industry A new tax credit for the digital gaming sector will be introduced, to help with the funding and testing of games subject to European State aid approval.
Better still, the vast majority of taxpayers would not be affected. Freezing other allowances and thresholds at a time of rising inflation could be a nice little earner for the Chancellor over the next few years. Increasing capital gains tax, possibly by aligning with income tax rates, would be a more visible tax rise but may not collect a great deal relative to the total tax take.
However, in the light of the NIC increase, perhaps making technical changes that cut back CGT reliefs is a more likely option. After the end of the furlough scheme , job creation and skills shortages has already been partially addressed by the announcement of more job search support for individuals and short extensions of the Kickstart scheme and apprenticeship grant scheme. There may be successor schemes for to replace these. The Government has also announced special work visa schemes for EU workers to reduce skills gaps in the short term — for example, a special scheme to increase the number of HGV drivers.
It is possible that here will be more sector-based schemes announced in the Budget — similar to the funding for 2, AI scholarships announced by the Chancellor at the Conservative party conference. Reform of Business Rates is a can that has been kicked down the road so many times that many question whether true reform will ever take place.
It is probably rather hopeful to assume that radical reforms will be announced in the Budget — Business Rates look set to stay for now but the Government is trying to improve the way the tax works and is likely to announce a consultation on technical changes. Whether these make the system more palatable for businesses who question its fairness remains to be seen. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer.
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Sunak said that this would see the cost of a pint reduced by an average of 3p. Listen: hear our experts discuss the Autumn Budget on the Which? Money Podcast. Changes to the way Universal Credit works will see millions of households keeping more of their benefits. The minimum wages for all ages will rise from April The real Living Wage is calculated based on the cost of living, and employers can choose to pay it if they wish.
People who work in the public sector will be allowed pay rises again, as the Chancellor has removed the temporary pay freeze he introduced earlier in the pandemic. However, some have raised concerns that any pay increases would have to come from departmental budgets, which may not have sufficient funding to pay for them. While the new ultra-long-haul rate was framed as an environmentally friendly measure, Sunak did not address fears that cheaper internal flights could encourage people to fly within the UK rather than using less carbon-heavy transport like trains.
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