Banshees of Inisherin co-producer got €72.5m in Irish tax credits via IrishTimesBiz
The main activity of the group is producing films and TV series in Ireland, primarily through the co-production of incoming European and international studio projects.
The group’s co-production credits include Banshees of Inisherin, starring the Oscar-nominated Colin Farrell, Brendan Gleeson, Barry Keoghan and Kerry Condon.One of the driving forces behind the business was distinguished producer, James Flynn who died aged 57 earlier this year. The individual tax breaks for each production are not disclosed in the accounts though figures published by Revenue show that series one of Valhalla qualified for Revenue 481 movie tax reliefs in the band between €10 million and €30 million.
The firm recorded a pretax loss of €72.6 million, but the corporation tax credit of €72.5 million resulted in a modest post-tax €80,779 loss.
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