Stay and Spend Scheme
Claim 20% tax back on your stay!
The Government announced the July Jobs Stimulus on 23 July which includes some tax rebate measures. Section 7 of the Financial Provisions (Covid-19) (2) Act 2020 provides for the introduction of the Stay and Spend Tax Credit scheme.
Under the scheme, you are entitled to a tax credit equal to 20% of “qualifying expenditure” incurred from 1 October 2020 to 30 April 2021. This is subject to certain limits and conditions.
Qualifying expenditure includes expenditure on accommodation and food and non-alcoholic drink provided by a qualifying service provider. You must spend at least €25 on qualifying expenditure in a single transaction. You must submit proof of expenditure with your claim.
You can claim up to €125 which is the maximum tax credit available under the scheme. For jointly assessed couples, the maximum credit available is €250.