Taxes Consolidation Act 1997 section 472BA

Fisher tax credit

Section 472BA provides a tax credit of €1,270 (the "fisher tax credit") to Irish-resident fishers who spend at least 80 days at sea actively engaged in sea-fishing during a year of assessment.

• The fisher tax credit is worth €1,270 per year and is available to both employed (Schedule E) and self-employed (Schedule D) fishers who are resident in the State.
• To qualify, a fisher must spend at least 80 days at sea in a year actively engaged in sea-fishing; a "day at sea" means a cumulative 8 hours within any 24-hour period spent on fishing voyages.
• A qualifying fishing vessel must be registered on the EU Community Fishing Fleet Register (or the equivalent UK register) and used solely for sea-fishing, excluding vessels used for scientific, research or training purposes.
• A fisher claiming the fisher tax credit cannot also claim the seafarer's allowance under section 472B in the same year of assessment.

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