472BB Sea-going naval personnel credit

Summary

This section gives a tax credit of €1,270 in 2020 to permanent members of the Irish Naval Service who spent at least 80 days at sea on a naval vessel in 2019.

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.

Relevant Date: Finance Act 2019