192M Exemption in respect of payments under Covid-19 Death in Service Ex-Gratia Scheme for Health Care Workers

Summary

This section provides an exemption from income tax and USC in respect of an ex-gratia payment made by the Minister for Health under the COVID-19 Death in Service Ex-Gratia Scheme for Healthcare Workers.

As a consequence of the income tax exemption, any such payment is also exempt from PRSI.

The payment will be made further to the decision of the Government of 8 March 2022 and will be made by or on behalf of the Minister for Health.

Details

Subsection (1) defines a “qualifying payment” as a payment made by or on behalf of the Minister for Health under the COVID-19 Death in Service Ex-Gratia Scheme for Health Care Workers.

Subsection (2) provides that a qualifying payment shall be exempt from income tax and USC where it is paid on or after 1 January 2023.

Subsection (3) provides that a qualifying payment shall be exempt from income tax and USC before 1 January 2023.

Relevant Date: Finance Act 2024