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Saturday 23 February 2019

George RR Martin show scores up to €30m in tax credits

Production credit: ‘Nightflyers’ was made at Troy Studios
Production credit: ‘Nightflyers’ was made at Troy Studios

Gordon Deegan

The TV adaptation of George RR Martin's 'Nightflyers' qualified for corporate tax credits of between €10m-€30m from the Revenue Commissioners last year.

New figures provided by the Revenue Commissioners show that 'Nightflyers' was one of the top beneficiaries of the Government's Section 481 tax-relief scheme for movie and TV productions. It qualified for corporate tax credits between €10m and €30m in 2018.

The TV series, adapted from 'Game of Thrones creator George RR Martin's sci-fi novella, was made at Troy Studios in Limerick. It received its first airing on the US SyFy channel in December and is on Netflix from February 1.

The Revenue's list of movie and TV productions to qualify for the tax-incentive scheme show that 'Nightflyers' was one of three large-scale productions to qualify for tax credits in the €10m to €30m bracket last year.

The others are Series 6 of 'Vikings' shot at Ashford Studios in Co Wicklow and Series 3 of 'Into the Badlands', which was shot around Dublin and Co Wicklow. A Department of Finance report published last October for the 2019 Budget show that the cost of the Section 481 tax credit scheme to the State between 2015 and 2017 was €242.5m.

However, underlining the economic windfall by productions of such scale, accounts filed for Series 5 of 'Vikings' to the Companies Office, VK Five Productions Ltd, show that overall production costs from the series totalled €76.4m.

Over a 14-month period, the staff costs from Series 5 totalled €41.32m and 484 were employed on the shoot.

Irish Independent

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