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Staycationers can claim up to € 125 in tax credits for money spent in restaurants, hotels and other businesses under a new stay and spending plan launched by the Government.
The new scheme aims to boost sales in the hospitality sector during the off-season, which has been severely affected as a result of the spread of the coronavirus. The plan will provide a maximum of 125 euros in tax credits to taxpayers who spend up to 625 euros in restaurants, pubs, hotels, pensions and other businesses from the fall of 2020 until the spring of 2021, including the Christmas period.
Taoiseach Micheál Martin said that “although many sectors have been affected, the hotel industry is undoubtedly one of the most affected by the public health measures that have had to be imposed to stop the spread of the virus.
“The stay and spend plan will encourage people to go out to eat or vacation at home and will support the Irish hotel industry by allowing them to claim 20% of their spending.”
The scheme goes into effect on October 1, but lodging and food companies can now register with commissioners of Revenue to participate.
To qualify for participation in the scheme, companies will need to be registered for VAT, have a current tax settlement certificate and be registered with the relevant official bodies, such as Fáilte Ireland and the HSE Environmental Health Service. They must also register with the Hacienda to participate and show a sign indicating that they participate in the program.
Individual taxpayers who want to make use of the scheme can register by downloading an application and providing their name and PPS number, and they must also have an income tax or USC obligation against which the tax credit can be established. They can also claim by computer and by mail.
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