Ms Deirdre Donaghy:

The Deputy asked about the film tax credit. A cost-benefit analysis of the film credit was done last year in the run-up to the budget. It was due to be reviewed under the tax expenditure guidelines. That review was published with the budget documentation and it looked at issues such as the cost of the tax credit and also the benefits generated, including taxes from employment, VAT, etc. The methodology will have been set out in the paper. It followed the fairly strict cost-benefit analysis guidelines. With that, there is always a level of judgment as to where a relief should be cut off. In this case, it does not examine trickle down benefits into the wider economy, but it is set out in the cost-benefit analysis that was published.