The Section 481 tax scheme for film and television has undergone a massive transformation in recent years, moving from a scheme that allowed thousands of individual tax break investors to benefit to a tax credit model for production. The new system caused significant issues, with film industry groups claiming last year that delays in issuing new guidelines had a “devastating” impact on the parts of the Irish sector. However, new briefing notes prepared by the Revenue Commissioners, which administers the scheme, also reveals legacy issues relating to the old model. The notes show that Revenue has been forced to administer…

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