Co-Productions
We offer support across all aspects of productions / co-productions including:
- Creative input across development and production.
- Access to top tier talent.
- Where appropriate accessing development and/or production funds from various Irish, UK and European state funding bodies.
- Budgeting for all levels of productions.
- Extensive experience working with International Co-Production Treaties in Canada, Australia, South Africa and across Europe.
Tax Credits
With offices in London and Dublin, Picture Locked are uniquely placed to be able to offer access to both the Irish and UK Film Tax Credits both of which are amongst the most competitive in the world.
Irish Tax Credit
The key points are:
- Up to 32% of Eligible expenditure, with the potential of a 3% regional uplift.
- €70 million per project cap (expected to increase to €125m in 2024).
- No annual limit.
- All international cast and crew working in Ireland are qualifying spend.
- All goods and services sourced in Ireland count as qualifying spend.
- Applies to film and television projects.
- Picture Locked can advise on all aspects of the application and compliance process.
UK Tax Credit
The key points are:
- Two separate UK tax incentives available for film or High-End TV projects.
- A cash rebate of up to 25% on UK core expenditure (to increase to 34% in 2024).
- There is no cap on the funds available.
- Neither scheme has a “sunset” date.
- All international cast and crew working in the UK count towards core spend.
- All goods and services sourced in the UK count towards core spend.
- Picture Locked can advise on all aspects of the application process including whether the project can qualify as British by passing the cultural test or as an official co-production.