A of measures were put forward to assist these sectors to remain competitive and to trade in diversified markets, including reduced Capital Gains Tax (see above), an increase to the Earned Income Tax Credit for self-employed people (see above) and the retention of the 9% VAT rate in the tourism and hospitality sector. There will be funding for 50 new posts in the Department of Jobs, Enterprise and Innovation and its agencies to respond to Brexit. Childcare Single Affordable Childcare Scheme From September 2017, a new Single Affordable Childcare Scheme will provide a targeted subsidy, based on parental income, for children aged between six months and 15 years and a universal subsidy, for all families, for children aged between six months and three years. Targeted subsidy Under the targeted subsidy, the highest level of subsidy will be provided to those on incomes up to net per annum this will be approximately a year, €22,700 – €8,000 based on the maximum of 40 hours childcare a week. The rate of subsidy will taper downwards as net income rises, with no targeted subsidy payable when net income reaches The income thresholds increase if there is more than one child in €47,500. the family. Universal subsidy Under the universal subsidy, up to per month will be provided towards childcare €80 costs. This equates to over per annum for parents working full-time and will be €900 paid pro-rata. Both of these subsidies will be paid in respect of children attending a childcare provider including centre-based providers and child minders. – Pre-school education An additional million has been provided for the full year costs of the extended €86 Early Childhood Care and Education Scheme (ECCE) and the rollout of the Access and Inclusion Model (AIM) to enable children with disabilities to access the scheme. Education
A of measures were put forward to assist these sectors to remain competitive and to trade in diversified markets, including reduced Capital Gains Tax (see above), an increase to the Earned Income Tax Credit for self-employed people (see above) and the retention of the 9% VAT rate in the tourism and hospitality sector. There will be funding for 50 new posts in the Department of Jobs, Enterprise and Innovation and its agencies to respond to Brexit. Childcare Single Affordable Childcare Scheme From September 2017, a new Single Affordable Childcare Scheme will provide a targeted subsidy, based on parental income, for children aged between six months and 15 years and a universal subsidy, for all families, for children aged between six months and three years. Targeted subsidy Under the targeted subsidy, the highest level of subsidy will be provided to those on incomes up to €22,700 net per annum – this will be approximately €8,000 a year, based on the maximum of 40 hours childcare a week. The rate of subsidy will taper downwards as net income rises, with no targeted subsidy payable when net income reaches €47,500. The income thresholds increase if there is more than one child in the family. Universal subsidy Under the universal subsidy, up to €80 per month will be provided towards childcare costs. This equates to over €900 per annum for parents working full-time and will be paid pro-rata. Both of these subsidies will be paid in respect of children attending a childcare provider – including centre-based providers and child minders. Pre-school education An additional €86 million has been provided for the full year costs of the extended Early Childhood Care and Education Scheme (ECCE) and the rollout of the Access and Inclusion Model (AIM) to enable children with disabilities to access the scheme. Education
relate_2016_11.docx