Revenue announced the opening of the Stay and Spend credit registration process for service providers on Friday, 28 August. Revenue also published a new Tax and Duty Manual, Part 15-01-47 – Stay and Spend Tax Credit, which sets out how the credit operates.

The new income tax credit is introduced for the 2020 and 2021 years of assessment, as provided for in the Financial Provisions (Covid-19) (No.2) Act 2020. A step by step guide for service providers on how to complete the registration process is included within the manual.

The manual also provides a guide for taxpayers on how to upload their receipts to the Receipts Tracker App and how to submit a claim for the income tax credit.

Further details can be found within the Tax and Duty Manual, Part 15-01-47 – Stay and Spend Tax Credit.