Peadar Tóibín (Meath West, Sinn Fein)
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169. To ask the Minister for Finance the tax relief achieved under section 481 by the 12 largest applicant companies for each of the past five years. [31333/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Deputies may be aware that the film tax credit was re-structured with effect from 1 January 2015, following a review of the relief published by my Department in 2012. Prior to 2015, film relief took the form of an investor tax relief which provided an incentive to individual and corporate taxpayers to invest in Irish film production. The restructured relief, available from 2015 on, takes the form of a payable tax credit of 32 per cent, payable directly to a producer company.

I am advised by Revenue that based on tax returns for the years 2011 to 2015, the latest years for which comprehensive data are available, the total amount of Section 481 tax credit claimed on the 12 largest claims made by companies is as shown in the following table. Data for the year 2015 relates to the restructured credit available to producer companies. Data for the years 2011 to 2014 inclusive relates to the former investor-led section 481 relief, under which tax relief was granted to individuals investing in a qualifying company. The cost figure for those years relates to the income tax relief received by individuals investing into the 12 largest claimant companies in the relevant year.

I am advised by Revenue that the lists of beneficiaries under the scheme from 2016 to June 2018 are available on the Revenue website at this which also identifies the largest applicant companies for each year. While the exact amounts of relief claimed are not published, data in relation to the amount of relief claimed are displayed in bands.