Irish Tax Credits for Film, Television and Animation
‘Section 481‘ is a tax obligation debt, incentivising movie as well as TV, animation and also innovative docudrama manufacturing in Ireland, administered by Ireland’s Department of Culture and the Revenue Commissioners (Earnings).
- 3% Regional Uplift
Projects considerably created in the regions (outside Dublin/Wicklow as well as Cork City and also County) benefit from or up to 3% uplift subject to particular training associated needs. The 3% uplift uses in 2022, as well as 2% in 2023.
What is the ‘Section 481’ credit report well worth?
The rate of tax debt is worth as much as 32% of eligible Irish expenditure. In added there is a 5% uplift for task capturing in the regions, bringing the worth of the tax obligation credit history as much as 37% * in these scenarios. See extra thorough details on the local uplift below.
Qualified expense criteria
The payable tax obligation credit history is based upon the cost of all cast as well as team working in Ireland, as well as all items as well as solutions sourced in Ireland. This consists of post-production and/or VFX.
What types of projects qualify?
The incentive relates to feature film, tv dramatization (singles or collection), animation (excluding video game) and also creative documentary. Tasks must satisfy the Culture Test as well as the Industry Advancement Test. See even more details listed below.
That is qualified to use?
Applicatons to the Department of Culture (for a certifying film certification) and afterwards to the Income (for payment), is made by the ‘Manufacturer Business’.
The ‘Manufacturer Firm’ must:
Be Irish resident or trading via a branch or company
Be trading for at lease year as a production company and also have filed a firm income tax return with Revenue
Not be connected to a broadcaster
Should not be an ‘task in trouble’ (this requirement stems from EU State Aid policies).
Hold 100% shareholding in a ‘Qualifying Firm’ which need to be Irish local and also exsist as a Special Objective Automobile (SPV) to make one film.
Exists a cap on the incentive?
There is no yearly cap or restriction on the financing of the program. The tax credit report has a ‘per job’ cap of approximately 32% of the reduced of:.
All qualified expense.
80% of the overall cost of production.
When is the rebate paid?
Choice A– Single Instalment:.
On delivery of the project, entry of a qualifying movie qualification as well as entry of a compliance report to Earnings, payment of 100% of the tax obligation credit scores might be paid by Revenue.
Choice B– Two Instalments:.
Initial instalment being 90% of the tax credit rating due, upon:.
Financial Closing, including proof that 68% of qualified expenditure is lodged to the job’s production account;.
Display Ireland confirmation (Display Ireland funded tasks only); or.
Broadcasting Authority of Ireland (BAI) approval (BAI moneyed projects only); or.
An equivalent EEA state established body;.
Submission of a certifying film certificate as released by the Department of Culture; and.
Second and also final instalment being 10% equilibrium on shipment of the project and entry of compliance record to Earnings.
Just how is repayment made by Profits?
Payment of the alleviation might be claimed versus the manufacturer company’s firm tax obligation (CT) liabilities. In case the relief due is above any kind of tax obligation due by the producer firm, after that a repayment of the unwanted will certainly be made by Income. The system is based on a self-assessment version in which Income will certainly analyze the task as a case for payment is made.
Is there a minimal invest degree?
Tasks are omitted from the motivation if their ‘qualified expenditure’ is much less than EUR125,000, or the overall price of production is much less than EUR250,000.
Exactly how are applications made?
The manufacturer business must apply to the Minister for Culture, Heritage and the Gaeltacht for a certificate mentioning that the project is to be treated as a ‘certifying film’ for the purpose of Section 481.
This application must be made to the Priest a minimum of 21 functioning days before the beginning of Irish manufacturing. Where the Minister issues a certification in regard to a qualifying movie and also all other stipulations of Area 481 are adhered to, a manufacturer firm might after that make a case for the film company tax credit rating.
Ireland’s film as well as television tax obligation credit history is carried out by the Division of Culture, Heritage as well as the Gaeltacht as well as the Revenue. Payment is made by Revenue.
For call details and also additional info in the Department of Culture, Heritage as well as the Gaeltacht https://www.chg.gov.ie/arts/creative-arts/projects-and-programmes/film/.
For get in touch with information and further info in the Profits Commissioners, go to https://www.revenue.ie/en/companies-and-charities/reliefs-and-exemptions/film-relief/index.aspx.
Abilities Advancement Requirements.
All applications to the Department of Media, Tourist, Arts, Culture, Sport and also the Gaeltacht (” the Department”) for a Section 481 Certification have to consist of a TAB F Abilities Growth Plan. For all projects with qualified expenditure in excess of EUR2million, a duplicate of the TAB F Abilities Development Strategy ought to additionally be sent to Display Ireland for approval. This copy of the TAB F Abilities Advancement Plan must be submitted to Display Ireland at the very least 21 functioning days before the commencement of the Irish manufacturing or on the very same date as the application for certification under Area 481 Taxes Consolidated Act 1997 is sent to the Department. (For the evasion of uncertainty, applicants are advised that they are called for to send the TAB F Skills Development Strategy to the Department as part of the application under Area 481).
Display Ireland and also Screen Skills Ireland will assess the TAB F Skills Growth Strategy and also may look for modifications, especially in connection with certain abilities shortages and concern roles that have been recognized in the Display Abilities Ireland annual Abilities Needs Evaluation report, that will be updated regularly. The candidate should be the Manufacturer Company.
As Soon As the TAB F Abilities Growth Strategy is gotten by Display Ireland/Screen Abilities Ireland, the Department will be informed by Display Skills Ireland. As soon as the application is approved Screen Ireland will certainly issue a Letter of Approval of the TAB F Abilities Growth Plan which need to then be submitted to the Department to permit the Department to settle its evaluation of the application.
The Manufacturer Business will be called for to provide a complete Quality control Compliance record and also the last variation of the TAB Z table to Display Ireland in order to receive a final compliance verification from Display Ireland.
If this is your initial application, it is advisable to make a consultation to meet with among the pertinent Screen Skills Ireland group to talk about the TAB F Skills Growth Prepare for your manufacturing before finishing an application. Please contact firstname.lastname@example.org to ask for a conference.
See below for web links to download the TAB F Skills Development Plan Application; the Guiding Concepts sustain paper; as well as the Quality Assurance Compliance Report. To request Irish Language versions of these types please e-mail email@example.com.
Skills Advancement Plan– Directing Concepts.
TAB F Abilities Advancement Strategy Kind.
Quality Control Conformity Report.
What is the Section 481 Social Examination?
All tasks that are put forward to get Area 481, the Irish tax motivation for movie and tv, are analysed by the Department of Culture, Heritage and also the Gaeltacht as well as need to satisfy three of the following cultural test requirements:.
The project is a reliable stimulus to film production in Ireland, and is of value to the promo, growth and also improvement of imagination and the national society – through the medium of movie, including, where suitable, the dialogue/narration is entirely or partly in the Irish language or the manufacturing of a complete Irish-language version of the movie is consisted of as component of the complete allocate the film.
The screenplay (or, when it comes to a documentary film, the textual basis) where the film is derived is mostly embeded in Ireland or somewhere else in the EEA.
At the very least among the major personalities (or docudrama topics) is connected with Irish or European society.
The storyline or underlying material of the film belongs of, or originated from, Irish or European society and/or heritage; or, in the case of an animation movie, the storyline plainly connects with the perceptiveness of kids in Ireland or elsewhere in the EEA.
The screenplay (or textual basis) from which the movie is acquired is an adjustment of an original composition.
The story or underlying product of the film problems art and/or an artist/artists.
The story or underlying product of the movie problems historical figures or events.
The storyline or underlying product of the movie addresses real, social, social or political concerns relevant to the people of Ireland or elsewhere in the EEA; or, in the case of an animation film, addresses educational or social concerns pertinent to children in Ireland or somewhere else in the EEA.
What is the Sector Advancement Examination?
Tasks that apply for Area 481 are evaluated by the Division of Culture and have to please the Market Advancement test by supplying quality employment and also training oppertunites. Applictions must describe;.
Exactly how the movie is of significance to the promo, growth and improvement of the nationwide society consisting of, where appropriate, the Irish language.
as well as.
How the movie serves as an efficient stimulation to film making in the State with, to name a few points, the arrangement of high quality employment and training chances.
Important Regulatory Info.
Please review the following assistance notes before making an application:.
Section 481 Application.
Film Regulations 2019.
Money Act 2018 (Section 26) (Beginning) Order 2019.
Movie (Regional Film Advancement Uplift) (Amendment) Regulations 2019.
Money Act 2018 (Section 26) (Commencement) (No. 2) Order 2019.
Screen Ireland recommends international producers who are taking into consideration making a film or television task in Ireland deal with an established Irish manufacturing company. Your Irish producer has solid existing relationships with neighborhood staff as well as various other provider, and also can give the full range of production solutions, consisting of the application to Profits for the tax credit history, as well as handling all stages of production including budgeting, looking, scheduling, spreading and crewing.