One Family is extremely concerned by the Budget 2014 announcement of the replacement of the One Parent Family Tax Credit with a Single Person Child Carer Tax Credit as it causes a significant number of problems and possibly unintended outcomes.
The financial impact of abolition of the One Parent Tax Credit for the non-resident parent, as verified by Revenue, is:
|Annual wage||Difference in tax take per week|
|€13,500 (minimum wage x 30 hours)||No change|
The Revenue Commissioners estimates that for 2013, 76,800 income earners utilise some or all of the One-Parent Family Tax Credit. The gender breakdown is estimated as follows:
One Family has written to all Ministers, TDs and Senators to voice these concerns and urges everyone to write to their Representatives as soon as possible to do the same.
A proforma letter with suggested text that individuals can change as required is available to download here: One Parent Family Tax Credit_Letter to Representatives
A list of TDs and Senators including their contact details is available here.
One Family representatives have also participated in a number of press, radio and television interviews on the issue. You can read the press releases issued by One Family below:
15.10.2013 | Budget 2014 is Anti-family and Anti-parent