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HMRC internal manual

Corporate Intangibles Research and Development Manual

Intangible assets within CTA09/PART8: FA02 rule exceptions: royalties: general

CTA09/PART8/S896 (1)

Timing rule

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

For the special computational rule for royalties paid late to related parties see CIRD12660.