Intangible assets within CTA09/PART8: FA02 rule exceptions: royalties: general
The royalties within CIRD11710 to which CTA09/PART8 applies are those, paid or received, which are not to be brought into account for corporation tax prior to 1 April 2002 under the rules outside CTA09/PART8.
If royalties of this kind are recognised for accounting purposes prior to 1 April 2002 they are brought into account under Part 8 on 1 April 2002. Otherwise they are brought into account under CTA09/PART8 on whatever date they are recognised for accounting purposes.
Other guidance relevant to royalties
For the more general computational rules that affect royalties see
- CIRD12530 - outgoings.
- CIRD13020 - incomings.
For the special computational rule for royalties paid late to related parties see CIRD12660.