24 May 2019 The Irish Film & Television Network
Actors
TV
Crew
Digital
Distribution
Education / Training
Equipment
Festivals / Markets
Finance
Legal
Locations Ireland
Post Production
Production
Rep Bodies
JOBS FILMOGRAPHY NEWS WHO'S WHO DIARY GALLERY IFTA
     
NEWS IN BRIEF
Features & Interviews
Production News
Post Production News
VFX News
Animation News
Digital News
Festivals News
Training News
Cast News
Finance News
IFTA Film & Drama Awards
Galway Film Fleadh 2017
List Your Company
Daily News Bulletin
Site Map
IFTN HOME
Screen Producers Ireland Hail Extension of S481 Film and TV tax credit key to success of Irish AV industry
10 Oct 2018 :
Screen Producers Ireland (SPI) has welcomed the announcement that Section 481 is extended beyond 2020.

Speaking about the extension SPI CEO, Elaine Geraghty said:

“Section 481 is essential for the sustainability of strong indigenous and internationally competitive Irish Film, TV and Animation industries. The Government’s announcement today that this important incentive will be extended to 2024 provides clarity and certainty and enables independent producers to plan their productions beyond 2020, allowing job creation and investment across the country.” 

“We look forward to continuing to work with Government and The Revenue Commissioners as refinements are made to the operation of S481, to make the process more efficient for our producers and for Revenue.”  

“The announcement of a proposal for a regional uplift of 5% as part of Section 481 over the next 4 years is also positive.We look forward to getting more detail on the proposal when it is announced as part of the Finance Bill." 

“The extension of S481 comes at a crucial time for the Irish Audio Visual Industry. The recent Olsberg-SPI with Nordicity (OSN) report stated that there are over 11,960 FTEs of employment in the live action film, TV and animation sectors. These sectors of the industry yield over €234 million in taxes to the economy, while contributing €692 million in GVA and generating €184 million in export earnings.”

“The Creative Ireland AV Action Plan, announced in June, seeks to double the levels of employment and investment in our industry over the next 5 years. The extension of S481 will be a key driver of this growth.” 

“Our industry has proven itself to be a world leader, as productions such as ‘Float like a Butterfly’ and ‘The Breadwinner’ win international awards, and Irish films such as 'Rosie', 'The Silver Branch 'and 'A Mother brings her son to be shot' currently in Irish cinemas. The success of the newly opened Troy Studios in Limerick highlights the top-quality facilities and crew that we have.”

“SPI is now calling on the Government to legislate for the extension in the Finance Bill to give further certainty to the industry and our producers.”




BREAKING NEWS
Principal Photography Commences On Irish Language Feature Film 'Mo Ghrá Buan'
Watch Trailer for Hugh O'Conors' Debut Feature 'Metal Heart' In Cinemas on June 28th
IFTA Announces Allan Cubitt Masterclass in Association with Screen Skills Ireland
John Butler's Eagerly Awaited Third Feature Film 'Papi Chulo' Releases in Ireland on June 7th

FEATURES & INTERVIEWS
Float Like A Butterfly Star Dara Devaney Talks with IFTN
Float Like A Butterfly Writer/Director Carmel Winters 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
John Butler's Eagerly Awaited Third Feature Film 'Papi Chulo' Releases in Ireland on June 7th
23 May 2019 
'Starboard Home' to Premiere on RTÉ One Next Thursday, May 30th at 10:15pm
23 May 2019 
Nemeton TV & WIT Graduate Productions Premiere in Dungarvan
22 May 2019 
Cinemagic Film Production Boot Camp Offers Young Filmmakers Day of Immersive Industry Insight
20 May 2019 
EDITOR'S PICK
Vivarium Wins Distribution Prize at Cannes Film Festival Critics Week 2019
Cannes Round-Up: 'Vivarium' to World Premiere & Host of Irish Productions Selling at The Marche du Film
Alexandra McGuinness Drama 'She's Missing' Acquired by Vertical Entertainment
Epic Pictures Secures Deals for Neasa Hardiman's 'Sea Fever' and D.A.D.D.Y's 'Extra Ordinary'
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