sled theuniversal single check. The provision has already obtained the consent of the Chamber and is now being examined by the Senate, but the Government has decided to the first act of the tax reform which will take effect in 2022. The postponement, announced in the Update note to the Economics and Finance document, is due to the lack of financial coverage: in fact, they would be needed 11 billion of additional resources, in addition to the reorganization of existing bonuses (the calculation is by the Parliamentary Budget Office), but at the moment there are none. The Treasury technicians, however, have not yet given up and are working on a scenario in two stages: grant to incompetent and self-employed from January, to the others from July. Difficult, but not impossible.
But what is the single universal cheque? Let's see what the characteristics of the new subsidy would be.
UNIVERSAL SINGLE ALLOWANCE: THE AGE LIMITS
In essence, it is a monthly allowance for each dependent minor child already starting from the seventh month of pregnancy until the eighteenth year is reached of age.
In the case of dependent adult child, the recognition of a monthly allowance of a lower amount than that for minors is foreseen, up to the completion of the twenty-first year of age, with the possibility of paying the amount directly to the child, at his request, in order to promote his independence.
The allowance is granted only if the adult child attends a school or professional training course, a degree course, an internship or a limited work activity with total income below a certain annual amount. Alternatively, the young man must be registered as unemployed and looking for work in a job center or employment agency or perform the universal civil service.
HOW MUCH IS THE UNIVERSAL SINGLE CHECK?
The monthly amount will be determined by the Isee coefficient and other variables and will consist of one fixed and one variable. The check is granted in the form of tax credit or as monthly disbursement of a sum of money. Figures have not yet been made, but some guesses indicate a range between 200 and 400 euros.
THE PROBLEM OF COVERS
How to find covers? In the provision already approved by the Chamber, reference is made to the «Universal check fund and family services», with an endowment of 1.044 million euros for the year 2021 and 1.244 million euros per year starting from 2022, as envisaged in article 1, paragraph 339, of the law of 27 December 2019, n. 160.
The universal allowance also provides for the gradual elimination or elimination of certain tax deductions and family allowances as part of a broader tax reform.
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