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Stay and Spend Incentive

- Posted on: 31/07/2020 -

Government Stay and Spend Incentive for Autumn 2020

Stay and Spend Incentive will see any taxpayer spending up to €625 on accommodation, food and non-alcoholic drinks, between October 2020 and April 2021, able to claim back up to €125 through a tax credit. 

The Stay and Spend incentive will allow taxpayers in Ireland to claim an income tax credit of up to 20% of their spending on accommodation, food, and non-alcoholic drinks .

The maximum tax credit available per taxpayer is €125. (€250 for jointly assessed couples). To get the maximum tax credit you would need to spend €625 . Any relevant spending over €25 will qualify for the tax credit.
A €100 spend will qualify for €20 tax credit.
A €300 spend will qualify for €60 tax credit
A €625 spend (or greater) will qualify for the maximum €125 tax credit.

 

A couple could claim a €250 tax credit on a spend of €1250 – but if they are assessed separately for tax they will need to split the payments and submit separate claims.

As we await further details on how the scheme will operate for us as a Hotel, why not plan your staycation now for the Autumn and Winter months or up to April 2021.

We have one, two, three and four night offers available and more should you plan to make Donegal your destination and Buncrana your base for a Staycation.

Donegal Staycation Break - Make Buncrana your Base: Book Here
Our four night Staycation package includes Dinner, B&B each day of your stay. Enjoy a trip to Malin Head, Irelands most northernly point or a visit to An Grianan of Aileach. Nearby attractions include the new Waterpark, Doagh Faminie Village, Fort Dunree and Clonmany Waterfall. Pack a picnic and spend the day discovering Inishowen's glorious sights.

 

Wild Ireland - Discover the home of the Rescue Bears, Wolves and Lynx Cats nestled in the hills of Burnfoot in their very own animal sanctuary - our packages includes Dinner, B&B plus tickets to the sanctuary - Book here

 

To review all our packages and special offers click here 

 

Source: http://www.moneyguideireland.com/stay-and-spend-incentive.html