Revenue eBrief No. 05/17

10 January 2017

Fisher Tax Credit

Section 5 of Finance Act 2016 introduced Section 472BA into the Taxes Consolidation Act 1997. Section 472BA provides that a tax credit (to be known as the ‘Fisher Tax Credit’) will be granted to individuals who satisfy the qualifying conditions of the section.

The Fisher Tax Credit applies from 1 January 2017 and may be claimed by Irish residents assessable to income tax under Schedule D or Schedule E, (i.e. employed or self-employed).

A Tax and Duty Manual, Part 15-01-45, has been published setting out the details of the new tax credit.