1. How to apply for S481 Film Relief
Alfie Brown
Incentives & Financial Services Branch

2. Basics Application by e-mail only S.481relief@revenue.ie SecureMail

3. Information sources Application form http://www.revenue.ie/en
Guidelines
Regulations

5. Process Flow Application by Producer Company for Certificate
Application by Producer Company for Letter of Compliance
DAHG authorisation and conditions
Revenue check for compliance with Regulations
Revenue check for compliance with Regulations and conditions of Certificate
Revenue issue Certificate
Revenue issue letter of compliance
Producer amends CT return on ROS
Revenue issue payment subject to compliance with Regulations and conditions of Certificate
Producer amends CT return on ROS
Revenue issue payment

6. DAHG requirements Creative and technical capability
Net contribution of S481 and other State Aid
Opportunities for employment and training
Meets at least three cultural criteria
Eligible type of project
Irish-based producer

7. Revenue requirements Authorisation by the Minister Tax compliance
Legal, commercial and corporate arrangements
Appropriate budget and financial structures

8. Conditions of certification
Issued strictly on the basis of information provided
Notifications required
Record keeping
Eligible expenditure
Minister’s requirements
Adherence to S481 and Film Regulations 2015
Payment details

9. First instalment 90%
Financing agreements executed, conditions for funding satisfied, 68% of eligible expenditure lodged to production account
Irish Film Board has agreed to release its production funding
Provision of guarantee, surety bond or similar

10. Compliance
Director’s declaration
Auditor’s report
Attachments

11. How to claim payment

12. ROS Client Services page/My Services page
ROS Amendments
ROS Client Services page/My Services page
Film Corporation Tax Credit may only be claimed on an amended CT return.
All companies are mandatory e-filers so all returns should be e-amended where possible.
An amendment may only be input through ROS by the filer of the original return
From the Client Services/My Services page choose to Complete a Form On-Line and select Corporation Tax

13. Amending through ROS Selecting a Return
Only returns that are available for filing or amending will be presented.
Select relevant CT return and click “next”
ROS Amendment informational text is displayed, click to proceed to open the return proper.

14. Film Corporation Tax Credit panel
Amended CT Return
Select the Film Corporation Tax Credit tab from the Navigation Bar
All fields in this panel are mandatory.
The date Film Cert Issued cannot be earlier than 01/01/2015.
If the film has not yet been completed, only 90% of the approved amount may be claimed in the first instalment.
If the film has been completed, 100% of the approved amount should be entered in the first instalment field

15. Film Corporation Tax Credit panel
Amended CT Return cont’d
It is possible to enter details of up to 20 different productions on each return by clicking the Add Detail button.
Several separate amendments may be made to the same return through ROS
It is possible therefore to claim a first instalment credit in respect of a production while also claiming the second instalment of a credit in respect of a different production for which the first instalment claim has already been made)
At any time you can get a running calculation of liability by selecting the calculate tab on the navigation bar.

16. Self Assessment Part 41A TCA 1997
Your Self Assessment
Self Assessment Part 41A TCA 1997
Every return filed/amended for an accounting period commencing on or after 01/1/2013 must include a self assessment .
Select the CT Self Assessment tab on the navigation bar.
Revenue will calculate your liability and populate this data in Column A.
Column B is your self assessment. You must choose to either agree/disagree with the Revenue calculation. .

17. Self Assessment Part 41A TCA 1997 cont’d
Your Self Assessment
Self Assessment Part 41A TCA 1997 cont’d
You must also make a self assessment declaration by ticking the relevant box.
Click on the sign and submit tab on the navigation bar to submit your amended return to Revenue.
You will receive an instant acknowledgement of your Self Assessed amended return in your ROS inbox

18. Approval in principle Complete application form Attach draft documents
Authorisation by DAHG
Letter of approval in principle by Revenue subject to compliance with conditions

19. What’s new? Increased support for industry
Extension of eligible expenditure to include all persons employed in the State
Full relief on all eligible expenditure
Minimum global budget €250k
Minimum eligible budget €125k
Tax compliance requirement
Publication of details of beneficiaries

20. Do’s and don’ts Consult the guidance note Contact us if you’re unsure
Draft documents for approval in principle only
Executed documents for certification
All attachments required
Sort out tax clearance issues

21. Remember
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