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Sea-going naval personnel credit
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5. ((1) The Principal Act is amended—
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(a) in section 458, by inserting, in Part 2 of the Table to that section, “Section 472BB” after “Section 472BA”, and
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(b) by inserting the following after section 472BA:
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“Sea-going naval personnel credit
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472BB. (1) In this section—
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‘day at sea’ means a cumulative period of 8 hours within any 24-hour period on patrol at sea on board a naval vessel;
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‘naval vessel’ means a naval patrol vessel owned by the Minister for Defence;
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‘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;
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‘relevant period’, in relation to a year of assessment, means the immediately preceding year of assessment.
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(2) Where for the year of assessment 2020 an individual is a qualifying individual—
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(a) he or she shall be entitled to a tax credit (to be known as the ‘sea-going naval personnel credit’) of €1,270, and
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(b) relief shall not be given under section 472B or 472BA in respect of that year.”.
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(2) This section shall apply for the year of assessment 2020.
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