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Chapter 3
Income Tax, Corporation Tax and Capital Gains Tax
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Amendment of section 481 (relief for investment in films) of Principal Act.
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18.— (1) Section 481 of the Principal Act is amended—
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(a) by substituting the following for subsection (2)(c):
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“(c) The specified percentage shall not exceed 80 per cent but, in any case to which this paragraph relates, the total cost of production of the film which is met by relevant investments shall not exceed €35,000,000.”,
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and
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(b) by inserting the following after subsection (22):
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“(22A) Any functions which are authorised by this section to be performed or discharged by the Revenue Commissioners may be performed or discharged by an authorised officer and any references in this section to the Revenue Commissioners shall, with any necessary modifications, be construed as including references to the authorised officer.”.
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(2) Subsection (1)(a) shall have effect on such day as the Minister for Finance may by order appoint.
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