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European Commission Approval Given for Regional Uplift and Extension of Section 481 Tax Credit
18 Jul 2019 : News Desk
The Regional Film Development Uplift has been approved by the European Commission and will be available to productions being substantially undertaken in areas designated as such under the regional aid map.

The regional uplift was announced as a part of Budget 2019, aiming to support regional development of the audio-visual sector. In order to qualify for relief, production companies will have to show that training and skills development opportunities are provided to individuals mainly resident in the area and that training will address a skills deficit. 

A tiered basis plan has been put in place to phase out the regional uplift over a period of four years as 5% additional tax credit will be available in 2019 and 2020, to 3% in 2021, 2% in 2022 and 0% from 2022 onwards.

In addition to the regional uplift, the European Commission has also approved an extension to the Section 481 Film Tax  Credit. The credit will be extended for 4 years, from its original end date of 31 December 2020 to 31 December 2024.

Minister for Culture, Heritage and the Gaeltacht, Josepha Madigan TD said:

“Both these measures are further important steps in support of this Government’s ambition to make Ireland a global hub for the production of Film, TV Drama and Animation. These new regulations will support creative talent in Ireland and help to develop a vibrant creative audio-visual sector throughout the country. The Regional Uplift also contains measures that oblige production companies to make training and skills development a key part of their projects, ensuring our film industry will benefit from the additional activity long after these productions have concluded.” 

“The extension of the Section 481 credit until 2024 provides certainty for film production companies on the future availability of the credit, ensuring the continued growth of our film industry. It is a key recommendation in the Audiovisual Action Plan, the industry-wide, long-term plan, under the Creative Ireland Programme.” 

Welcoming the European Commission approval, Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD said:

“This incentive will support the development of new, local pools of talent in areas outside the current main production hubs. This will help to increase the geographic spread of the audio-visual sector in Ireland and support the overall cultural objective of having an established and sustainable audio visual industry in Ireland”. 

The audio-visual production sector in Ireland is estimated to be worth over €550m, directly employing 7,500 workers on a full-time basis.




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