Oireachtas Joint and Select Committees

Wednesday, 12 October 2022

Committee on Budgetary Oversight

Film Sector Tax Credits: Discussion (Resumed)

Ms Teresa McGrane:

I just wish to add that we introduced the system in 2019. It was clearly out of some conversations that happened at this committee. It is working very well. It is the first time in the world, I think, but certainly in Europe, that we are linking the tax credit to skills development. In fact, many European countries are coming to us now, looking at the value of what was created and are quite eager to replicate it. As Mr. Lee said, we developed the competency framework, which will go into a deeper level of linking the skills within the framework to the skills development plan, the further tracking and then compliance.

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