Income tax is charged on royalties and other income from intellectual property1. Tax is charged on the full amount of the income arising in the tax year2. The person liable for the tax is the person receiving or entitled to the income3.
Income tax is charged on profits arising where consideration is received by a person for the disposal of know-how, or for the giving, or wholly or partly fulfilling, an undertaking which is given in connection with a disposal of know-how and which restricts or is designed to restrict any person's activities in any way4. Tax is charged on
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