Mr. Niall Cody:

The film tax support system was substantially reformed in 2015. Section 481 of the Taxes Consolidation Act 1997 moved to a credit-based system for supporting the film industry as opposed to what was there before. The total amount claimable in tax credits for films under section 481 last year was in the region of €100 million. It is by far the biggest support to the film industry, much higher than the amount given in direct grant aid.