Ask a Law Question, Get an Answer ASAP!
Hi thank you for your message, please note that I will look to provide an accurate but nevertheless speedy reply to your inquiry. I will endeavour to help you today.
No there is no tax on the royalties by the individual beyond income tax if the royalties exceed the personal allowance threshold (£12,500)
instead the company paying the royalties pays a tax of 20% before paying out the royalties. I trust this assists
Happy to help, take care