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There is not any VAT payable on this royalty charge. For qualifying gadgets that promote for greater than the UK sterling equivalent of EURO 50,000 a sliding scale of royalty costs will apply – for a complete record of the royalty expenses and threshold levels, please see All royalty charges are handed on to the Design and Artists Copyright Society (‘DACS’), no dealing with prices or further charges with respect to those costs might be retained by the auctioneers. The royalty cost shall be added to all relevant buyers’ invoices, and should be paid before objects may be cleared. This payment is only calculated on qualifying works of art which are bought for a hammer price more than the UK sterling equal of EURO 1,000 – the UK sterling equivalent will fluctuate according to prevailing change charges. •Droit de suite royalty/ARR/DACS costs.
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