Taxes Consolidation Act 1997 section 478A

Stay and spend tax credit

Section 478A outlines the Stay and Spend tax credit.

• The credit, available for the tax years 2020 and 2021, applies to qualifying expenditure on holiday accommodation or "eat in" food and drink incurred between 1 October 2020 and 30 April 2021, with a minimum spend of €25 per transaction; alcohol is excluded.
• The service provider must be registered with Revenue under the scheme; the maximum credit is €125 per person or €250 for a jointly assessed couple, equal to 20% of qualifying expenditure, and the aggregate credit across both tax years is subject to the same caps.
• Where the credit exceeds the claimant's income tax liability for the year, any excess may be set against their USC liability for the same tax year.
• Claims must be made electronically to Revenue, supported by receipts and details of the qualifying service provider and services received.