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Details Of Tax Break For Stayc...

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Details Of Tax Break For Staycations Revealed

Laura Donnelly
Laura Donnelly

02:40 3 Sep 2020


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Details of a new tax break for people who holiday at home have been revealed.

Stay and Spend will provide a tax credit of 20 per cent to anyone who spends up to €625 in restaurants, pubs, hotels or B&Bs.

This amounts to a maximum of €125 in income tax credits to consumers.

The scheme runs from October 1st to April 30th, and people will be able to submit receipts through the Revenue Receipts Tracker app.

The relief applies to accommodation and food, excluding alcohol, with a minimum spend of €25 per person per time.

10% of the country's workforce is employed in the Hospitality sector and the government says this stimulus will help support those jobs.

The Taoiseach Micheál Martin says: "The hospitality industry is undoubtedly one of the worst affected by the public health measures which have had to be imposed to stop the spread of the virus."

Minister for Tourism Catherine Martin says the scheme will 'offer a much-needed boost to the tourism sector during the shoulder and off-season.'

 


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