BUDGET 2016: Mixed reaction to rise in film tax credit

In a bid to encourage more investment in Irish films, Finance Minister Michael Noonan has announced another tax break for the industry.

The film tax credit will now rise from €50m to €70m.

“Ireland has a significant opportunity as a location for the production of films and television programmes. Having reviewed the film tax credit, I’m increasing the cap on eligible expenditure to €70m,” said the minister.