Dáil Éireann Debate, Tuesday - 10 October 2023
115. Deputy Aengus Ó Snodaigh asked the Minister for Finance his plans to organise the stakeholder forum to discuss how to maximise the benefits of the Section 481 credit for all concerned stakeholders and facilitate discussion of relevant issues, as recommended in the Budgetary Oversight Committee Report on the Section 481 Film Tax Credit; when he expects this forum will take place; and if he will make a statement on the matter. [43785/23]
View answerSection 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture.
I am aware of the contents of the Committee on Budgetary Oversight’s Report on Section 481 Film Tax Credit. I am also aware that there are a number of recommendations contained within the report that cover a number of themes and policy areas for which responsibility lies with other Departments.
In relation to Recommendation 14, I understand that the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media (DTCAGSM) are examining the options available regarding the recommendation in the Committee on Budgetary Oversight’s Report on Section 481 (Film Tax Relief) for the convening of a stakeholder forum.
Further engagement between my Department and DTCAGSM is ongoing in respect of the BOC's recommendations. I would also note that my officials have directly engaged with all relevant representative bodies in the sector, including those representing crew, cast and producers, with a view to understanding the issues affecting the audio-visual sector.
