Oireachtas Joint and Select Committees

Wednesday, 5 October 2022

Committee on Budgetary Oversight

Film Sector Tax Credits: Discussion

Ms Liz Murray:

It is not supporting them very well at all. I am sure the Deputy has heard about the recent very successful Irish language film which won an Irish Film and Television Academy, IFTA, award. It is reputed that it might be nominated for the foreign language category at the 2023 Oscars. Screen Ireland gave a loan of €350,000 for the film to be made. The biggest employer in the State, who has had 19 DACs and has been in business since 1998, and his partner, who has been in business since 1984, are associated and subsidiary companies. One of those partners drew down €700,000 in a loan to make a film. This man has been the recipient of a section 481 tax credit and since that was paid to the producers in 2015, this company and its two directors, whom I have described, have drawn down between €89 million and €264 million under section 481.

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