Eamon Ryan (Dublin Bay South, Green Party)
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115. To ask the Minister for Finance the annual cost of the section 481 film relief for the film production industry; and if he will make a statement on the matter. [32159/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Section 481 TCA 1997 provides a 32% payable credit for eligible expenditure on film production in Ireland. It is available to Irish and international film production companies that are resident in the State or in an EEA State and carry on business in the State through a branch or subsidiary.Section 481 was substantially changed (in Finance Act 2013, Finance (no.2) Act 2013, and Finance Act 2014) from an investor led Income Tax scheme to a Film Corporate Tax Credit.

I am advised by Revenue that information in respect of the tax cost and the number of claims received in respect of Section 481 relief for the years 2004 to 2015, the latest years available, are available on the Revenue website at this .

Annual information in respect of claims included in the 2016 corporation tax returns will be published later this year, however lists of beneficiaries under the scheme from 2016 to June 2018 are currently available on the Revenue website at this www.revenue.ie/en/companies-and-charities/reliefs-and-exemptions/film-relief/beneficiaries-of-film-relief.aspx..

With regard to the published data, it should be noted that data for the years 2015 on relate to the restructured credit available to producer companies. Data for prior years relate to the former investor-led section 481 relief, under which tax relief was granted to individuals investing in a qualifying company.