Sunday 20 August 2017

Sky Atlantic's Penny Dreadful claims €30m in tax reliefs

Penny Dreadful
Penny Dreadful

Gordon Deegan

Showtime and Sky Atlantic's Penny Dreadful was the big winner in the State's tax relief for TV and movie productions last year, when it availed of up to €30m.

The final series of the hit drama was broadcast last year and new figures from Revenue show that its producers, Metropolitan Films International Ltd, availed of tax reliefs of between €10m and €30m last year.

In total, tax reliefs under Section 481 of the Tax Relief Scheme of up to €111m were given to 54 separate production firms last year.

The figures show that Cartoon Saloon's The Breadwinner, being made with Angelina Jolie, pictured, operating as executive producer, received tax reliefs of between €1m and €2m last year.

Element Pictures Productions Ltd also received relief of between €1m and €2m for its Rebellion drama, while tax relief for series four of Vikings for Metropolitan was between €2m and €5m.

Telegael Teoranta was another big winner with six separate productions securing tax reliefs up to €17m.

Boulder Media Ltd secured between €2m and €5m in tax reliefs for its hit Disney animated series of Wander Over Yonder.

An Irish Film Board spokeswoman said yesterday that Ireland experienced record- breaking production activity in 2016, with €250m in production spend invested across independent film, animation and TV drama.

She said: "This is down to the competitive Irish tax incentive for film, television and animation, as well as a very experienced Irish producer base, award-winning Irish filmmaking talent and strong infrastructure.

"With international demand for film, TV and animation growing exponentially worldwide, we believe there is significant potential for further growth, which will create further high-quality jobs in Ireland and spend on Irish goods and services."

Indo Business

Also in Business