What is ‘Qualifying Expenditure’?
‘Qualifying expenditure’ means expenditure on a qualifying service. The service must be provided by a qualifying service provider.
A qualifying service broadly includes holiday accommodation and eat-in food and non-alcoholic drink.
Holiday accommodation is accommodation in a premises registered or listed with Fáilte Ireland, this includes:
- bed and breakfasts
- caravan and camping parks
- guest houses
- holiday camps
- holiday hostels
- hotels
- holiday apartments
- approved holiday cottages
- youth hostels
Food and drink must be served and consumed on an eat-in basis in a hospitality premises, such as:
- hotels
- restaurants
- cafes
- licensed premises
List of qualifying service provider
Revenue have provided a list of all qualifying service providers who are participating in the Stay and Spend Scheme.
This list will be automatically updated as new service providers register for the scheme.
Value of the Stay and Spend Tax Credit
The Stay and Spend tax credit is equal to 20% of qualifying expenditure incurred, up to certain limits.
These limits are:
- €625 for an individual
- €1,250 for jointly assessed spouses or civil partners.
The maximum combined tax credit that can be claimed in 2020 and 2021 is:
- €125 per person
- €250 per couple for jointly assessed spouses or civil partners
How do I claim the Stay and Spend Tax Credit?
To claim the Stay and Spend Tax Credit just fill in our Full Review Form and upload the necessary receipts. This form will provide us with the details necessary to claim the Stay and Spend Tax Credit, along with any additional tax credits you might be due for the last 4 years.
Alternatively, you can fill out our Quick Review Form, and contact us upon completion informing us of the tax credit(s) you are looking to claim.
If you are not entitled to the Stay and Spend Tax Credit, but would still like us to review your taxes, just complete our 50-second Quick Review Form.