FA 2020: Film corporation tax credit

Mar 01, 2021

Finance Act 2020 changes to section 481 TCA 1997 are now reflected in the Tax and Duty Manual Part 15-02-04 – Film Corporation Tax Credit. The credit is available to qualifying film producer companies for projects certified by the Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media.

The Film Corporation Tax Credit manual is updated following amendments in Finance Act 2020 to reflect: 

  • the extended availability of the highest (5 percent) rate of Regional Film Development Uplift for claims made on or before 31 December 2021, and 
  • the tapered Uplift rates of 3 percent and 2 percent being available in 2022 and 2023 respectively.

Additional clarification in section 2.3.3 on the accounting periods for making a claim are also included, along with updated examples. See eBrief No.036/21 for further details.