The purpose of my Department's examination of applications for section 35 certification is to establish that each application meets the requirements of section 35 of the Finance Act, 1987, as amended.
It is the responsibility of the production company to ensure compliance with the terms and conditions of any certificate that may be issued following conclusion of the Department's examination. Failure to comply with the terms and conditions of the certificate is a basis for the withdrawal of tax relief to investors.
The issue of a certificate does not represent a guarantee that a film will be produced or that tax relief will be granted. Under the section 35 legislation, in common with other investment incentive schemes, investments are made at the risk of the investor and the question of the grant of tax relief to investors or of its withdrawal is a matter for the Revenue Commissioners.