Marita Moloney
Marita Moloney

14.28 3 Sep 2020


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Details of a new tax break for people who holiday at home have been revealed.

Stay and Spend will provide a tax credit of 20% to anyone who spends up to €625 in restaurants, pubs, hotels or B&Bs between now and next spring.

This amounts to a maximum of €125 in income tax credits to consumers.

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The scheme runs from October 1st to April 30th, and people will be able to submit receipts through the Revenue Receipts Tracker app.

The relief applies to accommodation and food, excluding alcohol, with a minimum spend of €25 per person per time.

The maximum spend limit is €625 over the life of the scheme.

10% of the country's workforce is employed in the hospitality sector and the government says this stimulus will help support those jobs.

The scheme was launched today by the Taoiseach Micheál Martin, the Minister for Finance Paschal Donohoe, and the Minister for Tourism Catherine Martin.

The Taoiseach said that "the hospitality industry is undoubtedly one of the worst affected by the public health measures which have had to be imposed to stop the spread of the virus".

Minister Martin said the scheme will "offer a much-needed boost to the tourism sector during the shoulder and off-season".

She said Fáilte Ireland has been asked to roll out a national information campaign across radio and press next week.

Main image: People outside restaurants and cafes in Dublin City Center last month. Photo: Sam Boal/Rollingnews.ie

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