– Spend at least €25 in one go—each transaction counts toward the total.
– Spend up to €625: you’ll get 20% back, so €625 spent = €125 tax credit.
– Spend less than €625? You still get 20% back on the full amount you spend.
The scheme initially applied to spending between 1 October 2020 & 30 April 2021, and could be claimed until 31 December 2024.
This has been extended to qualifying expenses incurred between 1 January 2021 & 30 April 2021, and is still available to be claimed until 31 December 2025.
– If you’re an umbrella company director, just include it in your income return.
– PAYE umbrella contractors and others can submit the tax credit via a Form 12 or their annual return.
– Remember: keep all receipts: they’re required for proof and can be submitted using the Revenue Receipts Tracker app.
– For money spent between 1 January 2021 and 30 April 2021, you must claim the tax credit by 31 December 2025
Not sure how to claim this tax credit, or if you’re eligible? Fenero can help. Just say the word, and we’ll guide you through it step by step. Contact us on hello@fenero.ie or 01-6877400.