(1) Section 481 of the Principal Act (as amended by section 21 of the Finance Act 2013) is amended -

(a) in subsection (1), in paragraph (b) of the definition of "qualifying company", by deleting "and distribution",

(b) in subsection (2A) -

(i) in paragraph (b) -

(I) in subparagraph (ii) by inserting ", any company controlled by the producer company" after "qualifying company" where it first occurs,

(II) by deleting "or" before subparagraph (iii),

(III) in subparagraph (iii) by substituting "€125,000, or", for "€200,000.", and

(IV) by inserting the following after subparagraph (iii):

"(iv) the total cost of the production of the film is less than €250,000.",

and

(ii) by substituting the following for paragraph (c):