Tax relief scheme lights up Ireland’s silver screens

With the Section 481 production tax relief extended until 2020, the Irish film industry breathed a sigh of relief after some pre-budget suggestions that the scheme might have been axed.

“The extension and future enhancement of the Irish tax incentive for the film and television industry will strengthen the sector as an important contributor to the Irish economy,” said James Morris, chairman of the Irish Film Board.

“Despite the economic difficulties Ireland has experienced over the past few years, the Irish film and television industry has experienced high levels of production activity, contributing over €150m, in terms of spend on jobs and services, to the Irish economy.”