1. When will I be entitled to a royalty?
The ARR only applies when the re-sale price of a work reaches or exceeds the sterling equivalent of €1,000 and is calculated on a sliding scale as indicated in the table below. However, it is important to note that the total amount of the royalty paid for any single sale cannot exceed the sterling equivalent of €12,500. The ARR is exempt from VAT.
Royalty | Portion of the resale price |
---|---|
4% | up to €50,000 |
3% | between €50,000.01 and €200,000 |
1% | between €200,000.01 and €350,000 |
0.5% | between €350,000.01 and €500,000 |
0.25% | in excess of €500,000 |