Revenue Note for Guidance

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Revenue Note for Guidance

472BB Sea-going naval personnel credit

Summary

This section provides for a tax credit of €1,500 for the years of assessment 2021 to 2029 inclusive, available to permanent members of the Irish Naval Service who spent at least 80 days at sea on a naval vessel in the relevant period for each respective year of assessment. A credit amounting to €1,270 was available in respect of the 2020 year of assessment.

Details

Definitions

(1) “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 a permanent member of the Irish Naval Service spent at least 80 days at sea in 2019 on board an Irish naval vessel, they shall:

  1. be entitled to a tax credit of €1,270 in 2020, and
  2. shall not be entitled to the Seafarer’s Allowance (section 472B) or the Fisher Tax Credit (section 472BA) in 2020.

(3) Where a permanent member of the Irish Naval Service spent at least 80 days at sea in the years 2020 to 2028 inclusive on board an Irish naval vessel, they shall:

  1. be entitled to a tax credit of €1,500 in the years of assessment 2021 to 2029 respectively, and
  2. shall not be entitled to the Seafarer’s Allowance (section 472B) or the Fisher Tax Credit (section 472BA) in the years of assessment 2021 to 2029 inclusive.

Relevant Date: Finance Act 2024