Ireland losing out on big film and TV productions due to tax relief cap, says Minister

She said inflation was also generating pressure, and that the cap for eligible expenditure under section 481 needed to be raised to €100 million to help restore the country’s reputation as an attractive filming location.Ms Martin wrote: “Raising the cap now would send a strong international message that aligns with and bolsters our infrastructure, facilities, experienced crews, creative talent and beautiful scenery.

She also urged the retention of the special 9 per cent rate of VAT for the tourism industry to be maintained throughout this year. She said that although tourism had bounced back well after a “harrowing two years”, visitor volumes were not back to pre-pandemic levels. “The outlook ... [for 2023] looks challenging with a number of global economic headwinds likely to impact consumer demand,” she said.

She said there was scope within vehicle registration tax reform to “further incentivise the move to low or no emission vehicles” as part of a wider sustainable tourism policy.On the tax exemption for artists, Ms Martin asked for it to be extended to people who make handcrafted uilleann pipes and harps. She said both were recognised by Unesco as part of the intangible cultural heritage of humanity and their “trained craftspeople” deserved support.

She said most of the money raised from the existing 2 per cent levy went to the horse- and dog-racing sectors and that additional money should go to the wider sports community.

Source: News Formal (newsformal.com)

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