Dáil Éireann Debate, Tuesday - 17 October 2017
112. Deputy Peadar Tóibín asked the Minister for Finance his plans to extend in the near future the section 481 film relief beyond 2020 in view of the long lead-in time required in the production sector; and if he will make a statement on the matter. [43370/17]
View answerAs a tax expenditure of the Taxes Consolidation Act 1997, Section 481 is subject to the requirements of the Department of Finance tax expenditure guidelines. The Tax Expenditure Guidelines can be found at: http://budget.gov.ie/Budgets/2015/Documents/Tax_Expenditures_Oct14.pdf.
As a requirement under the guidelines, reliefs such as section 481 are required to be reviewed periodically. A full ex post analysis and review of section 481 will be undertaken in line with the tax expenditure guidelines prior to any announcement on the extension of the relief.
The most recent Report on Tax Expenditures can be found at: http://budget.gov.ie/Budgets/2018/Documents/Report_on_Tax%20_Expenditures_2017.pdf.
