The Irish film industry is make up through the Irish film board
establish back in 1980 with muiris mac conghail as chairman. The Irish
film board started with a number of aims including promoting the creative and
culture for a home and international market and audience. To support films
project through development funding and finance investment. Also to encourage
training of the technical and production staff. As well as assisting marketing
the films abroad and to serve some priority to Irish as well as international
productions. In the beginning the film board saw fruitful results. With over
twenty five short films and documentaries. And causes more then twelve features
length films to reach cinema and television screens in Ireland and around the
world. Also raised employment and level of Skill required for production. While
cause the value of the production activity in Ireland to grow from fourteen
million in the period of 1982 to 1992. In 1986 the main responsibility of film
was moved from the department of industry and commerce to the department of the
Taoiseach.
But the board was disbanded in 1987 cause although feedback showed that
the growth of the Irish film industry was going well there was trouble
targeting foreign production to Ireland. So it was replaced with a tax
incentive under section 35 of the finance act in 1987. It would later become
known as section 481 of the taxes consolidation act of 1997. The main goal of
the scheme was to promote investment in Irish films by giving taxpayers a tax
relief for investing in Irish film. As investor could invest about around 65%
of production costs for any film with a budgets of four million pounds and 55%
for any production with a budget over five million pounds with a cap being
placed at fifteen million pounds. In 2006 the finance act made changes to these
and investor could now invest 80% of production cost on a film with the cap
coming in at about 35 million euros. But only people making six figures incomes
could really take part in the tax relief and only Films
with the means to international funding could actually get real use out of the
scheme. This also meant that some low and medium project had some problems
getting funding for production. Although there was some big successes, with
films like my left foot. And with the scheme in place it made up 28% of
the Irish budget and does not require bank discounting.
In 2008 the
Irish government got in new measures to improve the tax scheme. With the amount
getting invested could be invested depended on the total spend by the
production on Irish goods and services. This also saw the cap on how much that
could be invested rise from 35milion euros to 50milion euros by an update in
the finance act again in 2009.The scheme was also updated to include that now
anyone buying shares in a special purpose film or television production company
could invest fifthly thousand under the scheme. The main change to the scheme
was that when the first came about the investor could get an 80% tax relief now
that had gone up to 100% encouraging more to invest in the scheme. Resulting in
a large increase in the producers net benefits from each project available
under section 481. As they could now get benefit up to 30% for there use of
lrish goods, services and location. It was the beginning of the governments
giving more backing support for the sector. Lending up to 1993 when the
government agreed to start up the Irish film board again, providing the capital
fund and appointing a new board of members. Now running within the at that time
newly formed department of arts culture and the Gaeltacht. Because they when no
longer part of the department of the Taoiseach. The new Irish film board act of
1993 with Micheal D Higgins as chairman saw an increase of fund becoming
availably from its earlier limit of 4.1 million to 15 million. From 1993 onward
the film board starting to see some success with Irish films internationally.
Following from 1993 to 2003 the production activity in Ireland grew from the
annual average of just 14 million Euro to 151 million Euro by the end of 2003.
Biography
Mapping Irish media roddy Flynn 2007
Iftn.ie/legal/section 481
Pobail.ie/department of arts culture and the
Gaeltacht/ Irish film board
Irishfilmboard.ie
Estudiosirlandese.org/ roddy Flynn
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