Revenue has created Tax and Duty Manual Part 07-01-42 to set out Revenue’s position regarding the tax treatment of certain education related payments.

The manual covers the following exemptions introduced by Finance Act 2019:

• Section 192F Taxes Consolidation Act 1997 which exempts Student Universal Support Ireland (SUSI) payments from income tax and USC.
• Section 192G Taxes Consolidation Act 1997 which exempts Further Education Training Allowance payments from income tax and USC.

Updates for Finance Act 2019, other tax legislation and Revenue guidance on TaxSource and TaxSource Total, will be released shortly.