Media and Entertainment

Updates to Section 481 legislation in Finance Bill 2018

John Gleeson John Gleeson

Changes to the administration of the application for a certificate Finance Bill 2018 sets out the legislation to move the administration of the film relief credit to a self-assessment basis.

A producer company may make an application to the Department of Culture, Heritage and the Gaeltacht in respect of a film to be produced under Section 481 TCA 1997. The Minister, following an application by a production company, may issue a certificate stating:

• that the film is to be treated as a qualifying film under Section 481 TCA 1997; and/or
• whether the regional film development uplift applies.

The producer company will be required to make an application for certification in advance of commencement of production.

Further details on this are to follow in the revised film regulations. These updates will take effect from an implementation date in 2019 to be confirmed by the Revenue Commissioners.

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