Revenue has moved to wind up the firm behind Ireland's online film and TV industry bible
However the company that runs the IFTN database says it has since settled the dispute.
REVENUE HAS MOVED to wind up the firm that operates the popular Irish Film and Television Network (IFTN) online database.
However Irish Film Research Ltd, the company behind the website, said the dispute with tax officials had since been settled.
An official notice published on 6 February said that ex-assistant secretary and newly appointed Revenue Commissioner Michael Gladney had submitted a High Court petition to wind-up the firm.
A hearing was listed take place on 26 February at which any of the company’s creditors could support or oppose Revenue’s petition to shutter the outfit.
Founded in 2002, Irish Film Research is the company behind the IFTN online database, which lists industry contacts and provides news updates on the sector. Its majority owner, Áine Moriarty, is CEO of the Irish Film and Television Academy (IFTA).
In a statement to Fora, Irish Film Research company secretary Deirdre Hopkins said: “There had been a matter of dispute with Revenue which has since been revised and agreed in full in recent days.”
A spokeswoman for Revenue could not confirm if the matter had been settled. She said the office did not comment on individual tax affairs.
Áine Moriarty
According to IFTN’s website, it is “recognised both countrywide and worldwide as the largest online information resource and network for the Irish film and television industry”.
It claims over 72,000 industry professionals worldwide use the resource each month.
Documents show that Irish Film Research is 60% owned by Moriarty, while the remaining stake is held by Hopkins.
Irish Film Research has yet to file accounts for its most recent financial year, but documents filed for the 12 months to the end of June 2015 show that it reported a slender loss of just over €13,880.
At the time, the company was sitting on an accumulated profit of €136,085 and had about €1,230 in cash in the bank at hand.
According to the directors’ report accompanying the 2015 accounts, Moriarty and Hopkins were “confident that the turnover and profitability will increase in the coming financial year”.
“The directors believe the company will continue to go from strength to strength in 2016,” the directors’ report said.
Note: This article has been updated to include a statement from Irish Film Research.
