Dáil Éireann Debate, Tuesday - 10 October 2023
142. Deputy Sorca Clarke asked the Minister for Finance to provide an update on his Department’s implementation of the recommendations contained in the report of the Committee on Budgetary Oversight Committee on the examination of the section 481 film tax credit. [44214/23]
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, and recommendations for action by the Committee itself.
With regard to the recommendations wholly or partially directed to my Department, it should be noted that a number of the recommendations contained in the report would have Budgetary implications, and the Deputy will be aware that it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.
I can however advise that engagement between my Department and Department of Tourism Culture Arts Gaeltacht Sport and Media (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.
