Staycation Tax Break scheme

fayf

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thanks, my pension is under the taxable limit, it seem a bit discriminatory
It probably does, the same policy applies to Medical Expenses claims for tax relief, if you don’t pay taxes, there is zero benefit.

one option, is to find someone who is paying taxes, dine out with them, and they claim the credit, split the proceeds.
 

odyssey06

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The Stay and Spend Scheme, which was launched today, aims to help drive sales in the hospitality sector during the off-season. It will run from 1 October to 30 April.
The scheme will provide a maximum of €125 in income tax credits to taxpayers who spend up to €625 in restaurants, pubs, hotels, B&Bs and other qualifying businesses, from autumn 2020 through to spring 2021, including over the Christmas period.
Where a taxpayer has insufficient income tax liability to fully benefit from the measure, they may still avail of the relief against their USC contributions.
 

odyssey06

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Further details that there is a minimum spend of €25 per individual transaction:

“In line with the minimum spend threshold, each taxpayer must have incurred expenditure of at least €25 in each individual transaction in order to include it in his or her claim. As such, if the total bill is €80 and it is split equally between four customers, none of them will be able to include this cost in their claim for the ‘Stay and Spend’ tax credit as they will not have incurred expenditure of at least €25 each in relation to that transaction.”
 

roker

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Is that because of the increased tax free allowances you get as a pensioner?
No. there is no increase tax allowance, it's because my total taxable income (pension) is below the taxable limit
 

Purple

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No. there is no increase tax allowance, it's because my total taxable income (pension) is below the taxable limit
Okay, I thought it might be the much lower PRSI and the additional tax credits for those over 65.
At least you won't have to pay for the Bus to or from the Restaurant and if you get food poisoning you can use your medical card :D
 

fayf

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A very poor uptake of registrations, so far. One would think hotels, at least, would be well organised, as people plan ahead for stays, but the majority are not registered yet, maybe, there is a backlog of registrations, which are pending approval by Revenue.

It does not cost anything to be registered, just a requirement, to have a valid tax clearance certificate.

 

fayf

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Apologies, my error, there is a page selector at the bottom of the page, that i missed completely, very good take up all over the country.
 
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