IRISH JOBS: Increased Employment within Irish Film
IFB Welcomes New Government Measures to Create Increased Employment within the Irish Film, Animation and TV Industry
15th October 2013: The Irish government has announced an improvement to the Irish tax incentive for the film, television and animation industry (Section 481), which is intended to boost employment and create new jobs within the sector. Bringing Ireland in line with the UK, the new measures will mean that Section 481 will apply to non-EU as well as EU talent working in Ireland.
Responding to the new measure, James Hickey, Chief Executive of Bord Scannán na hÉireann/the Irish Film Board, said, “Bord Scannán na hÉireann/the Irish Film Board, as the state agency for the development of the film, television and animation industry, very much welcomes the new changes to the Irish tax incentive. Building on the current success of the film, television and animation industry, this new measure will assist Irish producers in attracting foreign direct investment in the form of international feature films and television shows which will assist in creating new Irish jobs within the sector.
“The enhancement of the Irish tax incentive for the film and television industry demonstrates the commitment of the Irish government to the future of the Irish film, television and animation sectors and Ireland’s creative industries. Earlier in 2013, the Irish government extended the Section 481 scheme to 2020 and increased its value to 32% as of 2016. This improvement and the change just announced in the 2014 budget has now been brought forward to 2015.”
Commenting on the new measures, the Irish Minister for Finance, Michael Noonan, said, “These productions are job-rich and can often give a knock-on boost to the tourism sector. This extension will be subject to EU state-aid approval, and it will be coupled with the introduction of a withholding tax.”
Production activity across the feature film, independent drama, TV and animation industry in Ireland in 2012 was valued at over €180 million in terms of expenditure on local goods and services in Ireland. This represented an increase of approximately 30% on 2011 figures. Employment levels within the overall audio-visual industry, which has a turnover of over €500 million, have also increased to over 6,500 full-time job equivalents.
Over the course of 2012, the Irish Film Board invested in 30 film and television projects which led to €118m being raised in foreign direct investment by Irish producers on IFB funded projects. €80m of this was invested directly into the Irish economy through the purchase of local services and employment.