Stay and Spend Tax Credit

Revenue eBrief No. 164/20

Stay and Spend Tax Credit

A new Income Tax Credit entitled the Stay and Spend Tax Credit has been introduced in respect of the 2020 and 2021 years of assessment, as a result of the Financial Provisions (Covid-19) (No.2) Act 2020.

A new Tax and Duty Manual (TDM), Part 15-01-47 – Stay and Spend Tax Credit, has been created and sets out how the Stay and Spend Tax Credit operates.

The TDM includes a detailed step by step guide for service providers on how to complete the simple Stay and Spend registration process, which will open later today.

The TDM also includes a step by step guide for taxpayers on how to upload their receipts to the Receipts Tracker App and how to submit a claim for the Income Tax Credit.


5.2 Eligible Service Providers
Service providers will be eligible to complete Revenue’s Stay and Spend registration
process if their business fulfils all of the following criteria:

  1. the business provides qualifying services as described in section 4 (i.e. holiday
    accommodation or “sit-in” food and non-alcoholic drink);
  2. the business is registered for Value Added Tax (“VAT”); and
  3. the business holds tax clearance.
    If the business is eligible to participate in the scheme it must then register with
    Revenue as a qualifying service provider. This is a very quick and simple process and
    detailed guidance in respect of same is set out in section 5.3.
    A business will not be able to participate in the Stay and Spend scheme unless it
    meets all three of these criteria.
    Where a business does not meet all of the above criteria, there are some steps
    which the service provider can take now to ensure that their business will be eligible
    for participation in the Stay and Spend scheme, as set out below.
    (Read from Page 13, Section 5.2.1)