Wednesday 26 October 2016

Movie activity 'to rise significantly in 2016'

Gordon Deegan

Published 14/06/2016 | 02:30

Seventy-three movie productions that availed of State tax reliefs last year produced over 1,200 jobs.

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That is based on an analysis by the Revenue Commissioners which show that the estimated expenditure on employment from the movies was €97m. Minister for Finance Michael Noonan said the estimated expenditure on goods and services from the productions was €70m.

In figures provided by Minister Noonan to Peader Toibín (SF), the Revenue analysis shows that the actual amount eligible for relief in 2015 was €161m while the amount of relief authorised was €51m.

"Production activity levels remain high across the independent film, television, drama and animation sector and we expect production levels to increase significantly in 2016," Irish Film Board ceo James Hickey said yesterday.

The makers of the new Pierce Brosnan Hollywood thriller, 'I.T.', shot in Dublin, were the biggest beneficiaries of the Government's new tax relief for movie and TV productions last year.

According to figures provided by Revenue, the production firm behind the movie, Woodside Pictures Ltd, last year received €2.4m in tax reliefs under the Section 481 Film Relief Scheme.

The overall value of the productions availing of the scheme in 2015 totalled €118m while the total cost of the 'I.T.' movie, that also stars Anna Friel, in 2015 amounted to €11.2m.

Irish Independent

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