‘Section 481‘ is a tax obligation credit report, incentivising movie as well as television, animation and also innovative docudrama production in Ireland, provided by Ireland’s Division of Society and also the Earnings Commissioners (Income).
- 3% Regional Uplift
Projects considerably created in the regions (outside Dublin/Wicklow and also Cork City and also County) gain from or up to 3% uplift subject to specific training relevant demands. The 3% uplift uses in 2022, as well as 2% in 2023.
What is the ‘Section 481’ credit rating worth?
The price of tax debt is worth as much as 32% of eligible Irish expense. In added there is a 5% uplift for job shooting in the areas, bringing the worth of the tax obligation credit report up to 37% * in these circumstances. See much more comprehensive info on the regional uplift listed below.
Qualified expense standards
The payable tax credit report is based upon the cost of all cast as well as crew working in Ireland, as well as all goods and also solutions sourced in Ireland. This consists of post-production and/or VFX.
What kinds of projects certify?
The motivation puts on feature movie, television drama (songs or collection), computer animation (excluding video game) and also creative documentary. Jobs have to please the Society Examination as well as the Industry Advancement Test. See even more information below.
That is qualified to apply?
Applicatons to the Department of Society (for a certifying film qualification) and after that to the Earnings (for payment), is made by the ‘Manufacturer Business’.
The ‘Producer Business’ need to:
Be Irish resident or trading with a branch or firm
Be trading for at lease year as a production business and have actually submitted a company tax return with Earnings
Not be attached to a broadcaster
Should not be an ‘task in difficulty’ (this requirement originates from EU State Aid guidelines).
Hold 100% shareholding in a ‘Qualifying Company’ which have to be Irish resident and exsist as a Special Function Car (SPV) to make one movie.
Is there a cap on the incentive?
There is no yearly cap or limitation on the financing of the programme. The tax obligation credit report has a ‘per project’ cap of as much as 32% of the lower of:.
All qualified expenditure.
80% of the overall price of manufacturing.
EUR70 million.
When is the rebate paid?
Alternative A– Single Instalment:.
On shipment of the task, submission of a certifying film qualification and entry of a compliance record to Earnings, repayment of 100% of the tax obligation credit score may be paid by Revenue.
Choice B– 2 Instalments:.
Initial instalment being 90% of the tax credit report due, upon:.
Financial Closing, including proof that 68% of qualified expenditure is lodged to the job’s production account;.
Screen Ireland verification (Display Ireland financed jobs just); or.
Broadcasting Authority of Ireland (BAI) approval (BAI moneyed jobs only); or.
A comparable EEA state developed body;.
Entry of a qualifying film certification as provided by the Department of Culture; and.
Second as well as final instalment being 10% balance on distribution of the project and entry of conformity report to Revenue.
How is payment made by Earnings?
Repayment of the relief may be claimed versus the manufacturer company’s company tax obligation (CT) liabilities. In case the relief due is higher than any kind of tax obligation due by the producer firm, after that a settlement of the extra will be made by Income. The system is based on a self-assessment version in which Profits will assess the task as a case for settlement is made.
Exists a minimal invest level?
Jobs are omitted from the motivation if their ‘eligible expenditure’ is less than EUR125,000, or the complete expense of manufacturing is much less than EUR250,000.
How are applications made?
The manufacturer firm should apply to the Minister for Culture, Heritage as well as the Gaeltacht for a certification mentioning that the task is to be dealt with as a ‘certifying movie’ for the purpose of Area 481.
This application should be made to the Minister a minimum of 21 working days prior to the beginning of Irish production. Where the Preacher issues a certificate in relation to a certifying movie and also all various other arrangements of Section 481 are adhered to, a manufacturer firm may then make a claim for the movie firm tax obligation credit history.
Ireland’s movie and television tax obligation credit is carried out by the Division of Society, Heritage as well as the Gaeltacht and also the Profits. Settlement is made by Revenue.
For get in touch with information as well as more information in the Division of Society, Heritage and also the Gaeltacht https://www.chg.gov.ie/arts/creative-arts/projects-and-programmes/film/.
For get in touch with information and additional information in the Revenue Commissioners, go to https://www.revenue.ie/en/companies-and-charities/reliefs-and-exemptions/film-relief/index.aspx.
Abilities Growth Needs.
All applications to the Division of Media, Tourist, Arts, Society, Sport and the Gaeltacht (” the Department”) for a Section 481 Certification should consist of a TAB F Skills Development Plan. For all tasks with qualified expense in excess of EUR2million, a duplicate of the TAB F Abilities Growth Plan should likewise be sent to Display Ireland for authorization. This copy of the TAB F Skills Advancement Strategy have to be sent to Screen Ireland a minimum of 21 working days before the beginning of the Irish manufacturing or on the same date as the application for qualification under Section 481 Tax Obligations Consolidated Act 1997 is sent to the Department. (For the avoidance of question, applicants are reminded that they are called for to submit the TAB F Skills Advancement Strategy to the Division as component of the application under Area 481).
Display Ireland and Display Abilities Ireland will certainly assess the TAB F Abilities Development Strategy and also might seek adjustments, particularly in regard to details abilities shortages and top priority functions that have actually been determined in the Screen Abilities Ireland yearly Abilities Demands Evaluation record, that will be updated often. The applicant must be the Manufacturer Firm.
When the TAB F Abilities Advancement Strategy is gotten by Screen Ireland/Screen Abilities Ireland, the Division will certainly be notified by Screen Skills Ireland. As soon as the application is accepted Screen Ireland will certainly issue a Letter of Authorization of the TAB F Abilities Development Plan which need to then be sent to the Department to permit the Division to settle its analysis of the application.
The Producer Company will certainly be required to furnish a full Quality control Compliance record as well as the final version of the TAB Z table to Screen Ireland in order to obtain a final compliance confirmation from Display Ireland.
If this is your initial application, it is suggested to make a visit to consult with one of the relevant Display Skills Ireland team to review the TAB F Skills Growth Plan for your manufacturing in advance of completing an application. Please get in touch with [email protected] to request a meeting.
See below for web links to download and install the TAB F Abilities Growth Strategy Application; the Guiding Concepts sustain document; and the Quality Control Conformity Report. To request Irish Language versions of these kinds please e-mail [email protected].
Abilities Development Strategy– Guiding Concepts.
TAB F Skills Advancement Plan Type.
Quality Assurance Compliance Record.
What is the Section 481 Cultural Examination?
All projects that are advanced to qualify for Area 481, the Irish tax obligation reward for movie and also tv, are analysed by the Division of Society, Heritage as well as the Gaeltacht and also need to meet three of the adhering to social examination standards:.
The job is an efficient stimulation to film production in Ireland, and is of value to the promo, advancement and also improvement of creative thinking and also the national society – through movie, including, where appropriate, the dialogue/narration is completely or partially in the Irish language or the manufacturing of a complete Irish-language variation of the movie is consisted of as part of the total allocate the film.
The movie script (or, in the case of a documentary, the textual basis) from which the movie is derived is mostly set in Ireland or elsewhere in the EEA.
A minimum of one of the major characters (or documentary topics) is gotten in touch with Irish or European culture.
The story or underlying material of the film is a part of, or originated from, Irish or European culture and/or heritage; or, in the case of a computer animation film, the storyline clearly gets in touch with the sensibilities of children in Ireland or somewhere else in the EEA.
The screenplay (or textual basis) from which the movie is acquired is an adjustment of an original composition.
The storyline or underlying product of the movie issues art and/or an artist/artists.
The story or underlying product of the movie issues historic figures or occasions.
The story or underlying product of the film addresses real, social, social or political issues relevant to individuals of Ireland or elsewhere in the EEA; or, when it comes to an animation film, addresses educational or social issues relevant to kids in Ireland or in other places in the EEA.
What is the Market Development Examination?
Projects that look for Area 481 are evaluated by the Division of Society and also need to please the Sector Growth test by providing top quality employment and also training oppertunites. Applictions must outline;.
Exactly how the film is of significance to the promo, advancement and enhancement of the nationwide society consisting of, where suitable, the Irish language.
and also.
Exactly how the movie functions as an efficient stimulus to movie making in the State through, among other points, the stipulation of top quality employment as well as training possibilities.
Important Regulatory Info.
Please read the following support notes prior to making an application:.
Section 481 Application Form.
Assistance Note.
Film Regulations 2019.
Financing Act 2018 (Area 26) (Start) Order 2019.
Movie (Regional Movie Advancement Uplift) (Modification) Laws 2019.
Financing Act 2018 (Area 26) (Commencement) (No. 2) Order 2019.
Assistance.
Display Ireland recommends worldwide manufacturers who are considering making a film or TV project in Ireland deal with a recognized Irish production company. Your Irish producer has strong existing connections with neighborhood staff and various other provider, and can provide the full variety of manufacturing solutions, including the application to Profits for the tax obligation credit, as well as taking care of all stages of manufacturing including budgeting, looking, scheduling, spreading and also crewing.