6 June 2020 The Irish Film & Television Network
     
Legal
Solicitors
Who's Who
Section 481
Options
Screenplays
Music & Soundtracks
Distribution
Talent
Locations
Completion
Copyright Law
Public Funding
Legal News
Site Map
IFTN HOME

Irish Film and Television Network

 »

Legal

 »

Legal News



Screen Ireland Welcomes New Skills Development Requirements for the S481 Irish Tax Incentive
05 Apr 2019 : News Desk
Screen Ireland
The Department of Culture Heritage and the Gaeltacht has issued new guidelines on Section 481, the Irish tax incentive for the film, television and animation industry.

One of the key elements of the incentive is that producers are required to develop the skills of those working on the relevant production benefiting from the incentive.

Producers will now need to set out the estimated number of employees on set likely to be upskilled in the course of the film and submit a Proposed Skills Development Plan to Screen Ireland, which must be agreed in advance with the agency.

Speaking about the changes James Hickey, Chief Executive of Screen Ireland said:

“We welcome the new skills development requirement linked to the Section 481 tax credit, as we believe it will provide a strong structured basis for the sector to grow and develop in the coming years, focusing on the skills of the individuals working within the industry. The new skills development requirement is wide-ranging and inclusive, covering skills development across all levels of production, focusing on quality over quantity in terms of the outcomes it delivers.

“We look forward to working with the Department of Culture, Heritage and the Gaeltacht who will now be administering the incentive with the Revenue. We also look forward to the expected publication of guidelines on eligible expenditure and PAYE/Schedule D employees from the Revenue, which will help ensure the incentive works more efficiently.

“An efficient tax incentive plays a central role in developing Ireland as a global media production hub through attracting large-scale international productions and developing a flourishing indigenous sector. Currently, there are 12,000 full-time equivalent jobs in film, television and animation production in Ireland and the plan is to double that figure to 24,000 over the next five years. With the newly introduced regional uplift of 5%* we hope that counties across the breath of Ireland will benefit from increased employment opportunities from film, television and animation production.”

The screen industries have a Gross Value Added of €692 million to the Irish economy.

*The 5% Regional Uplift is subject to EU approval.




BREAKING NEWS
Exec Producers Jane Kelly and Philip McGovern discuss making Daniel sa Bhaile
Creative Europe - Single Project Development Spotlight: Lunar Pictures
Dating Amber is now available on Amazon Prime Video in Ireland & UK
IFTA Screen Discussions continues with Arracht and Rialto this week

FEATURES & INTERVIEWS
Creative Europe - Single Project Development Spotlight: Lunar Pictures
Dead Still writer and creator John Morton talks with IFTN
Free Industry Newsletter
Subscribe to IFTN's industry newsletter - it's free and e-mailed directly to your inbox every week.
Click here to sign up.


RELATED NEWS
Creative Europe - Single Project Development Spotlight: Lunar Pictures
05 Jun 2020 
Dating Amber is now available on Amazon Prime Video in Ireland & UK
04 Jun 2020 
IFTA Screen Discussions continues with Arracht and Rialto this week
04 Jun 2020 
Normal People breaks RTÉ Player record with 3.3 million streams
04 Jun 2020 
EDITOR'S PICK
Dating Amber is now available on Amazon Prime Video in Ireland & UK
Aisling Bea named among the Breakthrough Talent; BAFTA TV Awards Nominations announced
Submissions open for digital edition of Galway Film Fleadh Pitching Competition
Creative Europe - Single Project Development Spotlight: Planet Korda Pictures
MORE ON IFTN
Irish Production Companies
Listings for Irish film & television production companies
What's In Production?
The latest info on projects filming in Ireland
Latest Industry Jobs
Job listings for Irish film & television crew

CONNECT WITH IFTN
Find us on Facebook
Follow IFTN on Twitter
E-Newsletter Subscribe
Subscribe to RSS Feed




 
 the Website  Directory List  Festivals  Who's Who  Locations  Filmography  News  Crew  Actors
 

Contact Us | Advertise | Copyright | Terms & Conditions | Security & Privacy | RSS Feed | Twitter