192I Exemption in respect of Pandemic Placement Grant

Summary

This section provides an exemption from income tax for certain grant payments made by or on behalf of the Minster for Health, to a qualifying student who is undertaking a clinical placement as part of an undergraduate programme in Nursing or Midwifery.

Details

This section inserts a new section 192I into the Taxes Consolidation Act 1997, with the following provisions:

Subsection (1) contains the following definitions:

“Minister” means the Minister for Health;

“qualifying grant” means a grant, generally referred to and commonly known as the Pandemic Placement Grant, which is made periodically by or on behalf of the Minister to a qualifying student;

“qualifying student” means an undergraduate student who is registered on the candidate register maintained by the Nursing and Midwifery Board of Ireland and who is undertaking what is generally referred to and commonly known as a Supernumerary Clinical Placement or an Internship Clinical Placement as part of a qualifying course;

“qualifying course” means an undergraduate programme in nursing or midwifery, approved by the Nursing and Midwifery Board of Ireland under section 85(2) of the Nurses and Midwives Act 2011.

Subsection (2) provides that, subject to subsection 3, an income tax exemption will apply to the Pandemic Placement Grant (PPG) in the hands of the student, where it is paid to a qualifying student on or after 1 January 2021 and on or before 31 December 2022.

Subsection (3) provides that the income tax exemption for the qualifying student will be capped at €2,100 in each year of assessment.

Relevant Date: Finance Act 2021