AT A GLANCE
An increase of €750 in the income tax standard rate band for all earners — from €33,800 to €34,550 for single individuals and from €42,800 to €43,550 for married one-earner couples. Earned income tax credit to increase to €1,150. Weekly pension to increase by €5. Relief to be chopped by 25pc in 2018 — and to be phased out by 2021. Increase in VAT rate from 13.5pc to 23pc will make sunbed sessions more expensive. A 0pc benefit-in-kind rate is being introduced for electric vehicles for a period of one year. Electricity used in the workplace for charging vehicles will also be exempt from benefit in kind. A tax on sugar sweetened drinks (with 5 or more grams of sugar per 100ml) is to be introduced in April 2018. Tax credit to increase to €1,200. The 2.5pc rate is reduced to 2pc while the 5pc rate is cut to 4.75pc. There is also a €600 increase to the €18,772 band ceiling, meaning that the new 4.75pc rate applies to income of between €12,012 and €19,372. To fall to 37pc.