Newstalk
Newstalk

06.24 23 Jul 2020


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The Government will launch a new stay-and-spend initiative to boost tourism, as part of the July stimulus package later.

Holidaymakers will get €125 back on roughly €600 spent on accommodation and food bills.

The money back for holidaying in Ireland will be in the form of a tax credit or rebate.

It is believed this will be done through an app on your phone run by Revenue, where you can scan receipts.

People will then be refunded via a restaurant or hotel voucher, for instance.

It is the way the Government has decided to proceed with supports for the tourism sector.

The July stimulus will be launched later on Thursday, following a Cabinet meeting in Dublin Castle.

It is expected both the Pandemic Unemployment Payment (PUP) and the Temporary Wage Subsidy Scheme will be extended until April next year.

The unemployment payment will be reduced in September to €300 a week, and further evaluated early next year.

While the structure of the Wage Subsidy Scheme is likely to be changed and reduced over time as well.

The stimulus package is expected to be in excess of €7bn and will include funding for most departments.

It is likely to include significant funds for the retrofitting of schools, colleges and hospitals to allow them to re-open with social distancing guidelines.

There will also be significant business supports in the form of increased re-start grants and access to low-cost loans through the credit guarantee scheme.

Reporting by Sean Defoe | Additional reporting: Jack Quann

Main image: Members of the public out walking in Dun Laoghaire, Co Dublin on the first day of the May Bank Holiday weekend. Picture by: Sasko Lazarov/RollingNews.ie

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Bills July Stimulus Package Money Back Pandemic Unemployment Payment Retrofitting Stay-and-spend Tax Rebate Temporary Wage Subsidy Scheme Tourism Tourism Sector Unemployment Payment

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