Ireland

Tax allowances give productions a big benefit

The scoop: The Section 481 tax allowance means films or TV shows can get a benefit of up to 22% of their Irish production expenditure, payable on day one of shooting, so (unlike the U.K. tax credit) there’s no need to discount it with a bank. The maximum qualifying spend is $47 million. Since the change in British tax breaks, it’s no longer possible to double your money by combining the two in a U.K./Irish co-production, which has led to a drop in movies coming to Ireland. The Irish government responded in the past two years by giving the Irish Film Board some extra cash to invest in foreign projects, but it’s unclear whether this coin will be available in the future.

Bonus: Foreign films shooting in Ireland don’t pay sales tax (known locally as the Value Added Tax, or VAT) on goods and services purchased locally, a saving of up to 21%. No need to claim a rebate, either — the production company simply pays for the goods sans tax.

Shot there: “Becoming Jane,” directed by Julian Jarrold; “The Escapist,” by Rupert Wyatt; “Dorothy Mills,” directed by Agnes Merlet

Hot spot: Ardmore Sound, based in the old sound department of Ardmore Studios just down the coast from Dublin, is a sound post-production specialist that has been going flat out in recent months, doing sound mixes on “Becoming Jane,” “Garage,” “Shrooms” and “The Englishman” as well as ADR on “August Rush,” “The Children of Huang Shi” and the latest “Harry Potter.” Ardmore Sound is the home of double-Oscar-winning sound maven Tom Johnson (“Titanic,” “Terminator 2”), who relocated there from Hollywood in 2002.

Link: Irish Film Board: irishfilmboard.ie

More Film

  • (L to R) Young Tanya (JESSICA

    Box Office: 'Mamma Mia' Shoots Past 'Equalizer 2' in Thursday Night Shows

    The scoop: The Section 481 tax allowance means films or TV shows can get a benefit of up to 22% of their Irish production expenditure, payable on day one of shooting, so (unlike the U.K. tax credit) there’s no need to discount it with a bank. The maximum qualifying spend is $47 million. Since the […]

  • Disney Cycles VR Short Film

    Disney Animation's First VR Film, 'Cycles,' Set to Premiere

    The scoop: The Section 481 tax allowance means films or TV shows can get a benefit of up to 22% of their Irish production expenditure, payable on day one of shooting, so (unlike the U.K. tax credit) there’s no need to discount it with a bank. The maximum qualifying spend is $47 million. Since the […]

  • Apollo 11

    Neon Buys 'Apollo 11' Moon Landing Documentary

    The scoop: The Section 481 tax allowance means films or TV shows can get a benefit of up to 22% of their Irish production expenditure, payable on day one of shooting, so (unlike the U.K. tax credit) there’s no need to discount it with a bank. The maximum qualifying spend is $47 million. Since the […]

  • In this undated photo released by

    Six Thai Cave Rescue Films Now in Development

    The scoop: The Section 481 tax allowance means films or TV shows can get a benefit of up to 22% of their Irish production expenditure, payable on day one of shooting, so (unlike the U.K. tax credit) there’s no need to discount it with a bank. The maximum qualifying spend is $47 million. Since the […]

More From Our Brands

Access exclusive content