28 March 2024 The Irish Film & Television Network
     
New Tax Incentives to bring Ireland in line with the UK and other European Countries
07 Jan 2015 : Seán Brosnan
The new tax incentives should open Ireland up to getting more international productions like 'Penny Dreadful'
Changes to Section 481 which came into effect on January 1st which will further enhance tax incentives for the Irish Film and Television sector look set to give a major boost in the quest to attract big international film productions to Ireland, bringing Ireland in line with the incentives offered by the UK and other European countries.

The government has raised the film and TV production tax incentive in the country from 28% to 32%, and amended the incentive so that non-European Union talent, including Hollywood actors and actresses, will count as part of the qualifying expenditure. The scheme has also been extended until the end of 2020.

Ireland has already seen a boost to its film sector over the past few years, with international productions like ‘Vikings’ and ‘Penny Dreadful’ taking advantage of Section 481 guidelines in order to film here, as well as ‘Star Wars: The Force Awakens’ filming on Skellig Michael, an island in Co. Kerry in 2014.

According to Minister for Arts Heather Humphreys TD, this growth has resulted in the Irish film and TV sector being in a position where it now ‘supports 6000 jobs’ with the Minister going on to state that she hopes ‘to see that number grow in the years ahead. The changes to Section 481 will give a greater deal of certainty to the Irish audio-visual sector and will allow it to maintain the existing jobs in the sector and create new ones.’

Irish Film Board Chief Executive James Hickey stated that these changes to Section 481, in particular the amendment of ‘an eligible individual’ being broadened to include non-EU talent opening up the possibility of Hollywood actors, directors and crew filming here, have now brought Ireland in line with their UK competitors.

He said:‘We previously had limited it to people from the European Union and the European Economic Area. We’re now effectively the same as in the U.K.’

Despite this, Hickey goes on to state that there is still room for improvement with the scheme and expressed his hopes that the government raise the maximum qualifying expenditure which now stands at €50 million, meaning a maximum tax credit of €16 million.‘It always takes a certain amount of time for the tax incentives to bed in, but the government has said that in time it will be reviewing Section 481 with an eye on the maximum qualifying expenditure.’

Minister Humphreys also concluded that she hoped that Section 481 would continue to improve the tax incentives and make Ireland an attractive place for international projects to film.‘I have secured a commitment from the Minister for Finance to keep these changes under close review’, said the Minister,‘this is with a view to introducing additional improvements which would help further boost the indigenous film sector and attract big budget productions to Ireland.’





FEATURES & INTERVIEWS
“For the industry to grow here, we need more storytellers”, Oscar-nominated producer Ed Guiney discusses Storyhouse
Sharon Horgan, Róisín Gallagher, and Éanna Hardwicke among BAFTA TV Award nominees
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.






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

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

 

 

 
canli bahis siteleri rulet siteleri deneme bonusu veren siteler bahis siteleri free spin veren siteler deneme bonusu veren yeni siteler yeni casino siteleri yeni bahis siteleri betwoon grandpashabet