Productions get €111m Irish tax break

One project got tax relief of up to €30m...

Productions get €111m Irish tax break

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Tax reliefs to a value of up to €111m were distributed to a total of 54 production companies last year under the State’s Section 481 tax incentive scheme for production in Ireland.

One of the biggest beneficiaries was Showtime and Sky Atlantic’s series, Penny Dreadful, whose producers, Metropolitan Films secured between €10m and €30m in 2016, for its final series.

The production company also received reliefs of more than €2m for Vikings and €1m for Innocent - a crime drama produced for ITV.

Element pictures availed of between €1m and €2m in reliefs for its 1916 drama, Rebellion, which aired on RTE.

Irish production The Siege of Jadotville which was snapped up by Netflix gained more than €2m.

Three Cartoon Saloon productions received relief of between €500,000 and €1m - including The Breadwinner which lists Angelina Jolie as an executive producer.

As of the beginning of 2015, productions can receive tax relief of up to 32% of their eligible Irish expenditure. Feature film, TV drama, animation projects, and creative documentaries can avail of the scheme.

The Irish film board handed out a record level of funding in 2016 - it reported that production activity in Ireland surpassed €250m for the first time last year. Here are the productions which it has planned for this year.