The European Commission has approved Ireland's enhancement of the Section 481 Film Tax Credit, the Visual Effects (VFX) Uplift, through an Authorisation for State aid published in the Official Journal of the European Union on 12 May 2026. As previously reported, the enhancement was approved as part of the Finance Act 2025 (for Budget 2026) to provide for a new 40% credit rate (standard 32% + 8%) for productions with a minimum of EUR 1 million of eligible expenditure on relevant VFX work, whi…