Stay and Spend Scheme

Overview

The Stay and Spend Tax Credit is a new tax credit available for the years 2020 and 2021. It may be used against an Income Tax (IT) or Universal Social Charge (USC) liability in a year of assessment.

You can claim the Stay and Spend credit for qualifying expenditure incurred between 1 October 2020 and 30 April 2021. This includes expenditure on either:

  • holiday accommodation
  • ’eat in’ food and drink.

The minimum spend is €25 per transaction. You must submit a copy of your receipt with the claim.

A ‘qualifying service provider’ must provide the service. Qualifying service providers are those who have registered with Revenue to participate in the scheme.

The maximum tax credit available under the scheme is €125 per person. The maximum tax credit available for those under joint assessment is €250.

The tax credit will used to reduce your IT liability. Any excess credit may then be off set against your liability to USC. You must have an IT or USC liability to offset against the credit to claim it.

This section will explain what type of expenditure is qualifying and how you can claim the tax credit. It will also explain how to identify service providers participating in the scheme.

Next: What is qualifying expenditure