Publishers, labels and licensing bodies calculate your royalties from their own data, so they self-bill you: they raise the royalty invoice, apply VAT only if you’re VAT-registered, and pay. You don’t have to work out and invoice your own royalties.
Key points
- The publisher invoices from its own royalty data.
- VAT only where you’re VAT-registered.
- No calculating and invoicing your own royalties.
- A numbered copy each period.
Royalties invoiced for you
Each royalty period is turned into a self-billed invoice and payment — you receive the copy and the money.
This is general information, not tax advice — confirm your own position with your accountant or HMRC.