25 July 2024 The Irish Film & Television Network
     

Irish Film and Television Network

 »

Legal

 » Section 481


Committee on Budgetary Oversight has published its report on Section 481
16 May 2023 : News Desk
The Committee on Budgetary Oversight has published its report on Section 481 (Film Tax Credit) in which it makes a series of recommendations and observations following an examination of the tax credit.

The Committee decided to examine three tax expenditures, the Research and Development Tax Credit, the Knowledge Development Box and the Film Credit, in advance of Budget 2023.

The Committee published a report on the Research and Development Tax Credit and the Knowledge Development Box in September 2022, and decided to hold further engagements on the Film Credit. The Committee held four meetings with a range of stakeholders from across the film and television sector. These meetings were used to learn where the Film Credit works and where improvements can be made to the overall system. The committee made a number of recommendations.

Some of the recommendations made in the report include:

  • Consideration must be given to extending the 6-month time limit to submit a claim to the Workplace Relations Commission for cases involving the audio-visual sector due to the nature of their operation and structure.
  • Under the industry development test, assurance must be given that Irish performers will not be subject to lesser terms and conditions regarding their intellectual property rights than international performers in similar roles when employed on the same project receiving Section 481 funding.
  • Compliance with the Copyright and Related Rights Act 2000, as well as the EU Copyright Directive should be a specified requirement in order to avail of the Section 481 credit.
  • The Department of Finance must engage with the European Commission with a view to retaining the Regional Uplift at a higher rate of 5%, and to increase the 45-kilometre area limit to 75 kilometres or further.
  • Consideration must be given to removing or increasing the €70 million cap.
  • The Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media and the Department of Finance must hold a stakeholder forum as a priority to discuss how to maximise the benefits of the Section 481 credit for all concerned stakeholders, and to facilitate best practice in employment rights, industrial relations, collective bargaining, and address Copyright and Intellectual Property issues or any other relevant issues.

Read the full report here.





FEATURES & INTERVIEWS
Netflix reveals first-look image for Kaos starring Jeff Goldblum and Killian Scott
Exclusive: Official poster revealed for The Wise Guy ahead of world premiere at Galway Film Fleadh
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.






 
 the Website  Directory List  Festivals  Who's Who  Locations  Filmography  News  Crew  Actors
 

Contact Us | Advertise | Copyright | Terms & Conditions | Security & Privacy | RSS Feed | Twitter

 

 

 
canli bahis siteleri rulet siteleri deneme bonusu veren siteler bahis siteleri free spin veren siteler deneme bonusu veren yeni siteler yeni casino siteleri yeni bahis siteleri
slot siteleri betwild pashagaming tipobet hizlibahis cratosroyalbet betwoon kumar siteleri bahis siteleri casino siteleri en iyi bet siteleri
grandpashabet spinco betwoon giris cratosroyalbet giris superbet