30 May 2016 The Irish Film & Television Network
Actors
Broadcast
Crew
Digital
Distribution
Education / Training
Equipment
Festivals / Markets
Finance
Legal
Locations Ireland
Post Production
Production
Rep Bodies
JOBS FILMOGRAPHY NEWS WHO'S WHO DIARY GALLERY IFTA
     
NEWS IN BRIEF
Features & Interviews
IFTN Media Channel
Pictiur Paradiso
Production News
Animation News
Digital News
Training News
Cast News
Finance News
Awards News
IFTA16 Countdown
Making The cut
The Irish at Cannes 2016
List Your Company
Free Newsletter
Site Map
IFTN HOME
Film & TV Tax Breaks Could Create ‘Thousands of Jobs’ in Northern Ireland
25 Oct 2012 : By Steve Cummins
Liam Cunningham (Davos Seaworth) and Lucian Msamati (Salladhor Saan) on the set of 'Game Of Thrones' at Murlough Bay, Co Antrim (Photo credit: HBO)
Tax breaks in Northern Ireland for film and television production could create thousands of jobs as well as bring significant inward investment to the region, according to financial advisors PricewaterhouseCoopers.

PwC says that Northern Ireland should argue for new tax breaks to encourage more investment in the local creative industries sector.

The advisors pointed to the success of Titanic Studios in attracting HBO series ‘Game of Thrones’ to the North, saying that the production contributes around £20m per series to the Northern Ireland economy.

In addition, they say, last year’s Universal Films feature ‘Your Highness’, also shot in Titanic Studios, brought in a further £11m to Northern Ireland.

The North already offers productions the UK’s long-standing tax incentive for film production. Although currently no such tax incentive is offered to TV productions produced in the UK that is expected to change in next April’s British budget.

However, PwC tax partner Martin Fleetwood said targeting tax incentives to a local industry success story will make Northern Ireland even more attractive to TV, animation and games production and help compete with the Republic’s Section 481 tax break.

Fleetwood said: “The Irish Film Board’s Section 481 tax break offers a tax incentive of up to 28 per cent of the cost of television, film and animation production in RoI, with a ceiling of €50m.

“That has helped create a sector valued at over half a billion euro, which attracted production spending in Ireland of more than €225m alone, in 2010.

“If we are looking at ways to diversify and rebalance the economy, film, television and animation production offers Northern Ireland a means to increase its share of an industry already worth £4.5bn a year to the UK.

“Recent research suggests that tax relief for the UK industry could generate £13 for every £1 invested and extending tax reliefs could see Northern Ireland’s already established screen and creative sector become a massive wealth creator.”

Fleetwood was speaking following the publication of a British treasury consultation paper on the British government’s announcement that it intends to introduce corporation tax reliefs for the animation, high end television and video games industries.

Northern Ireland Screen has successfully marketed the region to production companies, with the support of the Department of Culture, Arts & Leisure and the Department of Enterprise, Trade and Industry through Invest Northern Ireland.

A report commissioned in 2010 into the economic contribution of the UK Film Industry concluded that the sector directly employed 36,000 people and has been relatively immune from the impact of the downturn.


BREAKING NEWS
Steve Kaplan's Comedy Intensive coming to Gréasán Na Meán next month
‘Mattress Men’ and ‘Crash & Burn’ editor John Murphy on not “taking short cuts with real life”
‘Love & Friendship’ writer/director Whit Stillman: “Ireland is the best place I have ever shot a film”
IFB Chief Executive James Hickey Welcomes Announcement for New Film Studios in Dublin

FEATURES & INTERVIEWS
‘Love & Friendship’ writer/director Whit Stillman: “Ireland is the best place I have ever shot a film”
Filming in Ireland Focus: From ‘Star Wars’ to ‘Dawn’ – our little island is busy
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.


RELATED NEWS
New 180,000 sq ft Film Studio reportedly planned for Dublin’s South Docklands
25 May 2016 
Section 481: Tax Credit cap increase to €70m approved by state and will come into effect on May 1st
27 Apr 2016 
'Wrecking The Rising' helmer Ruán Magan on "messing around with something as precious as 1916"
22 Apr 2016 
‘Wrecking The Rising’ writer James Phelan: “We decided to go big or go home”
21 Apr 2016 
EDITOR'S PICK
IFB Chief Executive James Hickey Welcomes Announcement for New Film Studios in Dublin
Animation Base Camp 2016 supported by Screen Training Ireland and Animation Skillnet
Stephen Gaffney’s horror ‘Red Room’ set to shoot in Chancery Inn
Creative Europe Announces Details of its New Financial Guarantee Facility
MORE ON IFTN
Locations Ireland
Search the IFTN Database to find your ideal location
Film & TV Crew
Contact freelance crew avaialble to work in Ireland
Equipment Hire/Rental
The top locations for industry equipment

CONNECT WITH IFTN
Find us on Facebook
Follow IFTN on Twitter
E-Newsletter Subscribe
Subscribe to RSS Feed




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

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