Just 14,000 receipts worth €2.2m have been uploaded to Revenue under the Government's Stay and Spend initiative since it was launched at the start of last month, new figures from the tax collector show.
The initiative was introduced to encourage spending in the tourism and hospitality industries, by offering a tax credit against part of the cost of holiday accommodation, eat-in food and non-alcoholic drinks.
Claims for the credit can be made for qualifying expenditure over the period between October 1 of this year and April 30 of next year.
A minimum of €25 must be spend during each transaction, with the scheme providing a maximum of €125 in credits to taxpayers who spend up to €625.