Paul McAuliffe (Dublin North West, Fianna Fail)
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112. To ask the Minister for Finance if he will provide an update on the rental tax credit; the number of persons who are currently availing of it; and if he will make a statement on the matter. [3055/23]

Michael McGrath (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 112 and 227 together.

The rent tax credit, as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by Finance Act 2022 and will be available in respect of qualifying payments made during the 2022 to 2025 years of assessment inclusive.

I am advised by Revenue that up to 23 January 2023, over 78,400 claims for the rent tax credit in respect of the 2022 year of assessment have been made. These claims have been made by PAYE taxpayers by submitting an Income Tax return for the 2022 year of assessment through Revenue’s online facility myAccount.

Self-assessed taxpayers will be able to claim the rent tax credit for the 2022 year of assessment by submitting his or her Income Tax Return through the Revenue Online Service (ROS) from 24 January 2023. The statutory filing date for the 2022 tax return for self-assessed taxpayers is 31 October 2023.

For claims relating to the 2023 year of assessment, those in receipt of income which is subject to tax under the PAYE system will be able to claim the rent tax credit due to them in-year, from mid-February 2023 onwards, or by way of an end of year claim included in his or her Income Tax return for 2023.