Understanding your UK statements

VAT information for UK Distributions

If you are registered for VAT in the UK as an individual our understanding is as follows: 

• If your VAT taxable turnover on your income exceeds £90,000 in a 12-month rolling period or you expect it to exceed it in the next 30 days alone, you are legally required to register for VAT in the UK. 
• If a VAT registration is required on the basis of the above, the receipt of UK distribution income from us will be income liable to VAT.  
• If you are registered for VAT as an individual (i.e. in your own name) then you should send us a valid VAT invoice enabling us to pay you the relevant VAT on your UK distribution income.  
• If you are registered for VAT as a third party (e.g. limited company) we are not able to pay VAT on your UK distribution income. 
• The total distribution you receive from us (excluding any VAT or management fee deductions) is an output for the purposes of completing your UK VAT return and should be included in box 6. 
• If you are registered for the VAT Self Billing Scheme, VAT will be shown separately and included in the payment we make to you, and a self-billing invoice will be enclosed with our payment. 
• Any VAT paid to you by us is output VAT and should be included in box 1. 
• The management fee that you pay to us (excluding VAT) is an input and should be included in box 7 of your UK VAT return. 
• The VAT on the management fee you pay to us is a VAT input and should be reclaimed in box 4 of your UK VAT return. 
• If you are registered for the VAT Flat Rate Scheme, the gross value of UK distribution income you receive from us should be treated as an output for the purposes of calculating the amount of VAT you owe to HMRC. 

If you are already on our self-billing scheme: 

• If you are registered for VAT as an individual, your personal details will be included in the self-billing invoices and paperwork and we will add VAT  to the payment due to you.  
• If you authorise us to make your payment to your personal service company, as your nominated agent, we will process the payment accordingly on your behalf. However, it should be noted all self-billing invoices, associated paperwork and VAT details will remain in your personal name, as the income will be considered yours, not your company’s.  

These are guidance notes for your assistance only and we do not accept liability for the content. You should at all times refer to the VAT regulations and seek advice from your professional advisors. 

 

Codes on your invoice

• 12PT = Peak Time Repeat
• 12DT = Off-Peak Repeat
• 12NT = Night-time Repeat
• 12ST = Secondary Transmission within 30 Days
• 12REG ST = Secondary Transmission within 30 Days on a Regional Channel
• 12REG PT = Regional Peak Time Repeat
• 12REG DT = Regional Off-Peak Repeat
• 12REG NT = Regional Night-time Repeat
• 12MTX = Multiple Transmissions on a UK Digital/Satellite Channel
• 12BBCW = Any Number of Repeat Transmissions on BBC World
• 12ZA = Overseas Sale – Zone A*
• 12ZB = Overseas Sale – Zone B*
• 12ZC = Overseas Sale – Zone C*
• 12TA = Trapped Audience (eg. Airlines)
• 12DVDA = DVD Sales
• 12DVDB = DVD UK Sales (number of copies unknown)
• 12DVDC = DVD Foreign Sales (number of copies unknown)
• 12GIVE = Giveaway

If your statement has any other codes, these will be older and less commonly used. If you’d like further information about these codes please contact us.

* please see distribution points scheme for further details