Royalties

sjkr

Hello all,

Does anybody know anything about writer's royalties?

I have a new client, who is a journalist and author, who received royalties from the Author's Licensing and Collecting Society. Somebody has told her that these are not taxable. I would have thought that they were, as surely they are income, can anybody confirm whether or not this is the case?

Regards,

Julie

burg

See here - https://www.gov.uk/hmrc-internal-manuals/business-income-manual/bim50701

Taxable but depending on the level of income this may not be a trade and may not be self-employed income but rather just other income.

sjkr

Thank you, that is extremely helpful!