Michael Healy-Rae
Question:111. Deputy Michael Healy-Rae asked the Minister for Finance if he will address a matter on the spend and stay scheme (details supplied); and if he will make a statement on the matter. [29273/20]
View answerThursday, 8 October 2020
Questions (111)
Written answers
The Stay and Spend scheme provides tax relief by means of a tax credit at the rate of 20% on qualifying expenditure of up to €625 per person, or €1,250 for a jointly assessed couple, in respect of 2020 and 2021. The tax credit is worth a maximum of €125, or €250 for a jointly assessed couple.
The purpose of the Stay and Spend scheme is to incentivise taxpayers to support registered/accredited providers of accommodation and/or food during the off-season, thus providing support to a particularly vulnerable sector that will continue to be constrained by public health limitations.
With regard to the Deputy's question, for the purposes of this scheme, holiday accommodation premises must be registered or listed with Fáilte Ireland. Certain holiday accommodation providers are legally required to register with Fáilte Ireland. This includes hotels, guest houses, holiday hostels, youth hostels, caravan and camping parks and self-catering properties. There are other holiday accommodation providers who are not legally required to register with Fáilte Ireland but may choose to be voluntarily listed. The process for registration or listing with Fáilte Ireland requires the service provider to make a self-declaration that their business complies with all statutory requirements. For those holiday accommodation providers who apply to be listed, the voluntary application process is very simple and quick and only incurs a nominal fee of €1 for both 2020 and 2021.
Guidance can be found on Fáilte Ireland’s website. Information on the process for completing a registration or listing with Fáilte Ireland is available in Revenue’s Tax and Duty Manual Part 15-01-47, available at https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-01-47.pdf. If further assistance is required, Fáilte Ireland’s customer support team can be contacted at customersupport@failteireland.ie or via telephone on 1800 242 473.