‘Section 481‘ is a tax obligation credit history, incentivising film and TV, animation and creative docudrama manufacturing in Ireland, administered by Ireland’s Department of Culture and also the Earnings Commissioners (Profits).
- 3% Regional Uplift
Projects considerably generated in the areas (outside Dublin/Wicklow and also Cork City and also County) take advantage of or as much as 3% uplift subject to certain training related demands. The 3% uplift applies in 2022, and 2% in 2023.
What is the ‘Section 481’ credit well worth?
The price of tax credit history deserves as much as 32% of qualified Irish expenditure. In added there is a 5% uplift for task capturing in the areas, bringing the worth of the tax obligation credit history up to 37% * in these conditions. See more detailed info on the local uplift below.
Eligible expense criteria
The payable tax credit scores is based on the cost of all actors and also team working in Ireland, and all products as well as services sourced in Ireland. This consists of post-production and/or VFX.
What kinds of tasks certify?
The incentive puts on feature movie, tv drama (singles or collection), computer animation (omitting video game) and creative documentary. Projects must please the Society Test as well as the Market Development Test. See better information below.
That is eligible to use?
Applicatons to the Department of Society (for a qualifying film accreditation) and after that to the Income (for settlement), is made by the ‘Manufacturer Business’.
The ‘Manufacturer Business’ have to:
Be Irish resident or trading via a branch or firm
Be trading for at lease one year as a production business and also have filed a firm tax return with Profits
Not be connected to a broadcaster
Must not be an ‘undertaking in problem’ (this requirement originates from EU State Aid regulations).
Hold 100% shareholding in a ‘Qualifying Business’ which have to be Irish homeowner and also exsist as an Unique Purpose Automobile (SPV) to make one film.
Exists a cap on the motivation?
There is no annual cap or restriction on the financing of the programme. The tax obligation credit has a ‘per project’ cap of as much as 32% of the lower of:.
All qualified expense.
80% of the complete expense of production.
EUR70 million.
When is the discount paid?
Alternative A– Solitary Instalment:.
On shipment of the job, submission of a certifying film qualification and also entry of a compliance record to Profits, repayment of 100% of the tax credit rating might be paid by Earnings.
Choice B– Two Instalments:.
First instalment being 90% of the tax obligation credit rating due, upon:.
Financial Closing, consisting of evidence that 68% of eligible expense is lodged to the project’s manufacturing account;.
Screen Ireland confirmation (Screen Ireland funded tasks only); or.
Broadcasting Authority of Ireland (BAI) authorization (BAI moneyed tasks just); or.
An equivalent EEA state developed body;.
Entry of a certifying film certificate as issued by the Department of Culture; and.
2nd as well as final instalment being 10% balance on delivery of the project as well as submission of compliance report to Income.
How is repayment made by Income?
Payment of the relief may be asserted versus the manufacturer firm’s corporation tax (CT) liabilities. In case the alleviation due is above any tax due by the producer firm, after that a settlement of the unwanted will certainly be made by Profits. The system is based upon a self-assessment model in which Earnings will assess the job at the time that a claim for payment is made.
Is there a minimal spend level?
Jobs are excluded from the motivation if their ‘qualified expense’ is much less than EUR125,000, or the total cost of production is less than EUR250,000.
How are applications made?
The manufacturer firm have to relate to the Preacher for Culture, Heritage and the Gaeltacht for a certificate stating that the job is to be treated as a ‘certifying movie’ for the objective of Area 481.
This application needs to be made to the Minister at the very least 21 functioning days prior to the commencement of Irish production. Where the Minister issues a certificate in connection with a qualifying movie and all other stipulations of Area 481 are adhered to, a producer company might then make a claim for the film corporation tax obligation debt.
Ireland’s movie and also television tax obligation credit report is administered by the Division of Culture, Heritage and the Gaeltacht and the Revenue. Repayment is made by Income.
For contact information as well as more information in the Division of Society, Heritage and the Gaeltacht https://www.chg.gov.ie/arts/creative-arts/projects-and-programmes/film/.
For get in touch with details and more information in the Income Commissioners, see https://www.revenue.ie/en/companies-and-charities/reliefs-and-exemptions/film-relief/index.aspx.
Abilities Growth Demands.
All applications to the Department of Media, Tourism, Arts, Society, Sporting Activity and the Gaeltacht (” the Department”) for a Section 481 Certification have to include a TAB F Abilities Growth Plan. For all jobs with qualified expenditure in excess of EUR2million, a duplicate of the TAB F Skills Advancement Strategy need to also be submitted to Display Ireland for approval. This copy of the TAB F Abilities Advancement Strategy need to be submitted to Screen Ireland a minimum of 21 functioning days prior to the beginning of the Irish production or on the very same day as the application for certification under Area 481 Tax Obligations Consolidated Act 1997 is sent to the Division. (For the evasion of doubt, candidates are advised that they are called for to send the TAB F Skills Advancement Strategy to the Division as part of the application under Area 481).
Screen Ireland and Screen Skills Ireland will certainly evaluate the TAB F Skills Development Plan and might seek modifications, especially in connection with particular skills deficits and also concern roles that have actually been identified in the Screen Skills Ireland yearly Abilities Requirements Analysis report, that will be upgraded regularly. The candidate needs to be the Producer Business.
Once the TAB F Abilities Development Strategy is received by Display Ireland/Screen Skills Ireland, the Division will be alerted by Screen Abilities Ireland. Once the application is accepted Display Ireland will certainly provide a Letter of Authorization of the TAB F Skills Growth Plan which need to after that be submitted to the Department to allow the Department to finalise its analysis of the application.
The Producer Company will certainly be needed to furnish a full Quality control Conformity record as well as the last variation of the TAB Z table to Display Ireland in order to obtain a final compliance confirmation from Screen Ireland.
If this is your initial application, it is suggested to make a consultation to meet with among the relevant Screen Skills Ireland group to review the TAB F Abilities Advancement Plan for your manufacturing before finishing an application. Please contact [email protected] to request a meeting.
See below for web links to download the TAB F Abilities Growth Plan Application Form; the Guiding Principles support record; and the Quality Assurance Conformity Report. To request Irish Language variations of these types please email [email protected].
Abilities Development Plan– Assisting Principles.
TAB F Skills Advancement Plan Type.
Quality Control Conformity Record.
What is the Section 481 Cultural Examination?
All tasks that are advanced to receive Section 481, the Irish tax reward for movie and also tv, are evaluated by the Department of Culture, Heritage and also the Gaeltacht and must fulfill 3 of the following cultural examination requirements:.
The task is an effective stimulus to movie production in Ireland, and also is of value to the promotion, growth and enhancement of creativity and also the national culture – through the medium of film, including, where appropriate, the dialogue/narration is wholly or partially in the Irish language or the manufacturing of a full Irish-language variation of the movie is included as component of the complete allocate the film.
The screenplay (or, in the case of a documentary, the textual basis) where the movie is acquired is mainly embeded in Ireland or in other places in the EEA.
At the very least one of the primary personalities (or documentary subjects) is connected with Irish or European society.
The storyline or underlying product of the movie is a part of, or stemmed from, Irish or European culture and/or heritage; or, when it comes to a computer animation movie, the storyline plainly gets in touch with the perceptiveness of youngsters in Ireland or elsewhere in the EEA.
The movie script (or textual basis) where the movie is acquired is an adjustment of an initial literary work.
The story or underlying material of the film worries art and/or an artist/artists.
The storyline or underlying product of the film concerns historical figures or events.
The story or underlying product of the movie addresses actual, cultural, social or political problems relevant to the people of Ireland or in other places in the EEA; or, when it comes to an animation movie, addresses academic or social problems appropriate to kids in Ireland or in other places in the EEA.
What is the Sector Advancement Test?
Jobs that request Area 481 are assessed by the Department of Society and also have to please the Sector Development test by supplying quality work and also training oppertunites. Applictions have to outline;.
How the film is of relevance to the promo, advancement as well as improvement of the national culture consisting of, where relevant, the Irish language.
as well as.
Exactly how the film serves as an effective stimulus to movie production in the State via, among other points, the provision of top quality employment as well as training chances.
Important Regulatory Information.
Please check out the complying with assistance notes prior to making an application:.
Area 481 Application.
Assistance Note.
Film Rules 2019.
Money Act 2018 (Area 26) (Start) Order 2019.
Movie (Regional Film Growth Uplift) (Change) Rules 2019.
Finance Act 2018 (Area 26) (Beginning) (No. 2) Order 2019.
Support.
Display Ireland advises worldwide producers that are considering making a film or television job in Ireland work with a well established Irish manufacturing firm. Your Irish producer has solid existing relations with neighborhood staff and other company, as well as can provide the complete variety of production services, consisting of the application to Revenue for the tax credit history, as well as handling all stages of production including budgeting, looking, organizing, casting and also crewing.