The Finance (COVID-19 and Miscellaneous Provisions) Bill 2022 (“the Spring Finance Bill”) was published by the Department of Finance on Friday, 4 March 2022. This Bill will give legislative effect to the changes to the Covid support schemes, announced by the Government, in response to the public health restrictions, introduced from 21 December 2021 into January 2022.    These include changes to, and extension of:

  • the Employment Wage Subsidy Scheme (EWSS),
  • the Covid Restrictions Support Scheme (CRSS),
  • the Tax Debt Warehousing Scheme,
  • the application of the waiver of excise duty for special exemption orders for late licences from 26 January until 30 April 2022, and
  • provides that the Covid-19 recognition payment recognition payment for healthcare workers will not be subject to tax.

These measures are being implemented by the Revenue Commissioners on an administrative basis, pending this Bill.

Announcing the publication of the Spring Finance Bill, Minister for Finance, Paschal Donohoe commented:

“I welcome the publication of this legislation today and I look forward to discussing it in the Oireachtas as soon as possible. The Bill provides the legislative basis for the extended and increased supports announced by the Government when public health restrictions were introduced in December as well as supports announced in January as businesses re-opened. These supports have been vitally important to businesses throughout the pandemic and it is important that the necessary legislation is put in place as soon as possible. I have also taken the opportunity to address a small number of other measures in this Bill such as, providing that the Pandemic Recognition Payment will be tax-free as agreed by Government, stamp duty changes to provide for a partial repayment scheme for properties designated as cost rental dwellings, the tax treatment of payments made under the proposed Brexit Whitefish Fleet Decommissioning Scheme being introduced by the Minister for Agriculture, Food and the Marine, and funding of certain Central Bank registers required as part of the transposition of EU anti-money laundering Directives.”

For more on the Spring Finance Bill, read the full release by the Department of Finance.