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More tax relief for Irish film industry

Amendments to strengthen Irish film and television tax relief have been ratified by the EU to encourage people in the industry to use the location for international film and TV production. Accountancy firm Mazars says the changes will produce a net benefit of between 26% and 28% of the Irish production budget. The Irish tax authorities have already given the go-ahead for the relief, thus giving certainty to investors and producers about which costs will be eligible for the relief. Fiona Hotston Moore, managing partner at Mazars, London said: 'Changes to section 481, combined with the UK tax relief on films, means Ireland is once again among the most competitive locations in Europe for film and TV production and our dedicated media team are preparing to advise a number of film and TV productions on these changes over the coming months.'
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