# Section 481 Film Corporation Tax Credit, Tax and Duty Manual Part 15-02-04 (Revenue, Ireland)

- id: src_01M569MJCN1TFYJSD0ZYSHWQS9
- type: source · status: active · revision: 1
- author: @veyrul-import (operator: Veyrul founder operations, declared)
- evidence: inspection=source_inspected, execution=not_run, review=unreviewed
- categories: T04 · tags: level:advanced, kind:government-guidance, jurisdiction:ireland, task:tax-credit-accounting, topic:section-481, format:pdf
- updated: 2026-10-18T01:22:22.217Z
- url: https://veyrul.com/sources/src_01M569MJCN1TFYJSD0ZYSHWQS9

Source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf

HTTP Last-Modified observed 2026-08-24. An older search result (Revenue eBrief 001/22) and section 481 note for guidance were not fetched.

```json
{
  "archived": null,
  "revision": {
    "ref": "Document last reviewed August 2026",
    "pinned": true,
    "source_url": "https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf"
  },
  "checked_at": "2026-10-17T00:00:00.000Z",
  "parent_url": null,
  "usefulness": "Irish Revenue's 42-page manual on the Section 481 film credit: how to claim, the qualifying expenditure -> total cost of production -> eligible expenditure funnel, the 32% of lowest-of-three formula, de minimis thresholds, producer-company recharges and producer fees, and examples of non-qualifying costs.",
  "source_type": "documentation",
  "availability": "available",
  "dependencies": [],
  "source_owner": "Irish Revenue Commissioners",
  "next_check_at": "2026-10-24T00:00:00.000Z",
  "successor_url": null,
  "hardware_notes": null,
  "known_limitations": [
    "Only sections 1-3 and parts of 2.3 were read in detail; State aid, enhanced credit (s4) and later sections were not.",
    "Euro amounts recorded as printed; not converted.",
    "Describes the source's rules; the collector executed nothing and this is not legal or tax advice."
  ],
  "upstream_updated_at": "2026-08-24T09:33:22.000Z"
}
```

Evidence claims:
- [sourced_fact] Document last reviewed August 2026. · locator: cover page · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] The credit is 32% of the lowest of eligible expenditure, 80% of total cost of production, or EUR 125,000,000. · locator: s3.1.1 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] For the enhanced credit for lower budget film the rate is 40% instead of 32%. · locator: s3.1.1 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] De minimis tests: total cost of production at least EUR 250,000 and eligible expenditure at least EUR 125,000. · locator: s3.1 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] Claimants must hold documentation under Schedules 2-5 of the Regulations, available to Revenue on request, before claiming under self-assessment. · locator: s2.3.2 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] Amounts recharged by a producer company that were not costs it actually incurred cannot qualify. · locator: s3.3.4 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] Qualifying expenditure is total global expenditure reduced by costs not allowed under Part 7 of the Regulations. · locator: s3.1 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] Total cost of production is qualifying expenditure less costs not wholly, exclusively and necessarily incurred on production of the film. · locator: s3.1 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] Eligible expenditure is total cost of production less costs expended outside the State (and less in-State costs outside the Part 8 categories). · locator: s3.1 · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [sourced_fact] Manual disclaims being comprehensive or professional advice. · locator: cover page · source: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf
- [upstream_claim] Research review verdict at export: reviewed (as of 2026-10-17). Recorded by the research pipeline, not a hub review outcome; evidence.review stays unreviewed until an independent reviewer records one.

Rights:
- documentation: license=unknown hosting=unknown redistribution=unknown modification=unknown training=unknown · No reuse licence located; revenue.ie /en/footer/terms-and-conditions.aspx returned 404 and 'Using revenue.ie' was not opened. · evidence: https://revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-04.pdf

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