Regulation 113 Transaction value: further included items - royaltiesC1I1
The items referred to in regulation 108(7)(a) as specified matters to be included as elements of a transaction value further include a royalty or licence fee payable by the buyer F1, either directly or indirectly, where—
the royalty or licence fee F2relates to the goods being valued; and
such payment F3is a condition of sale of those goods in the agreement between the buyer and seller for the import of the goods into the United Kingdom.
The value of the royalty or licence fee is, if it can be readily determined, the amount payable.
Annotations
Textual amendments
- F1
Words in reg. 113(1) substituted (16.7.2025) by The Customs (Miscellaneous Amendments) Regulations 2025 (S.I. 2025/745), regs. 1(1), 4(11)(a)
- F2
Words in reg. 113(1)(a) substituted (16.7.2025) by The Customs (Miscellaneous Amendments) Regulations 2025 (S.I. 2025/745), regs. 1(1), 4(11)(b)
- F3
Words in reg. 113(1)(b) substituted (16.7.2025) by The Customs (Miscellaneous Amendments) Regulations 2025 (S.I. 2025/745), regs. 1(1), 4(11)(c)
Modifications
- C1
Pt. 12 applied (with modifications) (31.12.2020) by The Customs (Northern Ireland) (EU Exit) Regulations 2020 (S.I. 2020/1605), regs. 1(1), 32; S.I. 2020/1643, reg. 2, Sch.
Commencement
- I1
Reg. 113 in force at 31.12.2020 by S.I. 2020/1643, reg. 2, Sch.