Finance (No.2) Act 2023
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CHAPTER 3 Income Tax | ||
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Exemption in respect of Clinical Placement Allowance | ||
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3. Chapter 1 of Part 7 of the Principal Act is amended by the insertion of the following section after section 192N: | ||
“192O. (1) In this section— | ||
‘Act of 2011’ means the Nurses and Midwives Act 2011 ; | ||
‘qualifying course’ means an undergraduate programme in nursing or midwifery approved by the Nursing and Midwifery Board of Ireland under section 85(2) of the Act of 2011; | ||
‘qualifying payment’ means a payment, generally referred to and commonly known as a Clinical Placement Allowance, which is made periodically by or on behalf of the Minister for Health; | ||
‘qualifying student’ means an undergraduate student who is registered in the candidate register maintained by the Nursing and Midwifery Board of Ireland under section 46 of the Act of 2011 and who is undertaking what is generally referred to and commonly known as a Supernumerary Clinical Placement as part of a qualifying course. | ||
(2) A qualifying payment made to a qualifying student on or after 1 January 2024 shall be exempt from income tax and shall not be reckoned in computing the total income of the qualifying student for the purposes of the Income Tax Acts. | ||
(3) A qualifying payment which is made to a qualifying student before 1 January 2024 shall be treated as if it were exempt from income tax in the year of assessment to which it relates and shall not be reckoned in computing the total income of the qualifying student for that year of assessment for the purposes of the Income Tax Acts. | ||
(4) A qualifying payment shall be deemed not to be a payment to which Chapter 4 of Part 42 applies.”. |