Business Irish

Sunday 22 September 2019

Norse little earner: Movie firm gets €63m in tax credits

The tax credits received last year went towards the production of Series 6 of the popular historical TV drama Vikings
The tax credits received last year went towards the production of Series 6 of the popular historical TV drama Vikings

Gordon Deegan

A County Wicklow-based movie group has received corporation tax credits totalling €63 million from the Revenue Commissioners over the past two years.

New accounts filed by Metropolitan Films International Ltd and subsidiaries show that the group last year received corporation tax credits of €25.48 million under Section 481 film tax credits.

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This follows the Ardmore studio based business receiving €37.5m in Section 481 film tax credits in 2017.

The tax credits received last year went towards the production of Series 6 of the popular historical TV drama Vikings.

Metropolitan's revenues increased by 36pc to €122.6m from €90m, while its staff costs for 1,287 people totalled €39.79m.

The firm recorded a modest post-tax profit of €48,131.

Irish Independent

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