Residency rules and qualifying criteria for artists’ tax exemption and Section 481 film projects will be tightened but the current reliefs are likely to remain unchanged after Budget 2012, according to The Sunday Business Post.
Posts Tagged ‘Arts’
Veteran musical performers are in line for a windfall because of an EU extension on royalty payments by a further 20 years from 50 years currently to 70 years, The Sunday Times and The Sunday Business Post report.
Composers and lyricists currently retain copyright for their lifetimes plus 70 years after their death but performers never received the same rights. This means artists such as Dickie Rock, Brendan Bowyer and Red Hurley can all expect a revenue stream into the future.
Musicians are awaiting a European Court of Justice (ECJ) ruling this week on the payment of royalties to artists for music, or music videos, played in hotel rooms. The case challenges whether or not a section of Irish copyright legislation, the 2000 Copyright and Related Rights Act, goes against an EU directive on rental and lending copyright. Section 97 of the Irish act specifically exempts hotels from paying royalties to musicians for music played in hotel rooms by guests.
Now there is no escape. Or so it would appear. The Programme for Government has proposed an end to the TV licence and its replacement with a public broadcasting charge which every household will have to pay “regardless of the device they use to access content”, The Sunday Times reports.
A movie that benefited from Section 481 tax relief has secured a $1m distribution deal after it was shown at the Sundance Film Festival last week, The Sunday Business Post reports.