Select view:

Taxes Consolidation Act, 1997 (Number 39 of 1997)

[1]>

472BB Sea-going naval personnel credit.

(1) In this section—

day at sea” means a cumulative period of 8 hours within any 24-hour period on patrol at sea on board a naval vessel;

naval vessel” means a naval patrol vessel owned by the Minister for Defence;

qualifying individual” means a permanent member of the Irish Naval Service who has spent at least 80 days at sea in a relevant period performing the duties of his or her employment;

relevant period” , in relation to a year of assessment, means the immediately preceding year of assessment.

(2) Where for the year of assessment 2020 an individual is a qualifying individual—

(a) he or she shall be entitled to a tax credit (to be known as the “sea- going naval personnel credit” ) of €1,270, and

(b) relief shall not be given under section 472B or 472BA in respect of that year.

[2]>

(3) Where for the year of assessment 2021 an individual is a qualifying individual—

(a) he or she shall be entitled to a sea-going naval personnel credit of €1,500, and

(b) relief shall not be given under section 472B or 472BA in respect of that year.

<[2]

<[1]

[1]

[+]

Inserted by FA19 s5(1)(b). Applies for the year of assessment 2020.

[2]

[+]

Inserted by FA20 s10. Comes into operation on 1 January 2021.