Revenue issues tax credit payments worth €230m to filmmakers since 2015

Revenue has issued tax credit payments worth €230m to filmmakers since 2015 as part of the scheme credited with contributing to the success of the Oscar winning-film The Favourite.

Last year alone €95m of payments were processed under Section 481 of the Taxes Consolidation Act 1997, which gives relief at 32% of whichever is lowest of the eligible expenditure in Ireland, 80% of the total cost of production of the film, or €70m.