Before 1 April 2024
Sales that have taken place before 1 April 2024 should be calculated in accordance with the following:
- The threshold in the UK is set at €1,000.
- Sales that reach a sale price between €1,000 – €50,000 and generate a royalty of 4% of the sale price.
- Works that sold above €50,000 should be calculated at a lower percentage according to the sliding scale.
The maximum amount of royalty payable on a sale is €12,500.
To determine the amount of ARR due on an eligible sale, please use the ACS ARR Calculator. As dictated by the UK Statutory Instrument, the ACS Calculator will use the exchange rates provided by the European Central Bank.
For accurate results, enter the day when the sale took place and the exact sale price excluding buyer’s and seller’s premiums and VAT.
From 1 April 2024 onwards
On 16 October 2023 the UK Government announced that all references to Euros found in the Artist’s Resale Right regulations would be replaced with references to GBP.
This means that ARR generated from UK sales concluded on and from 1 April 2024 should be calculated in GBP and not EUR.
The salient changes are outlined below:
- The ARR threshold changes from €1,000 to £1,000.
- The currency of the prescribed sliding scale which is used to calculate ARR changes from EUR to GBP.
- This means that the ‘1,000 to 50,000 EUR’ tier becomes ‘1,000 to 50,000 GBP et cetera.
- The maximum amount an artist or an artist’s estate can receive per sale changes from €12,500 to £12,500.
- The ‘bought as stock’ exemption is amended so that if the work of art was acquired directly from the artist and is resold within three years for a sum less than £10,000 (previously €10,000) the sale is ARR exempt.
n.b. Sales that take place before 1 April 2024 must be calculated in EUR and not GBP (i.e. using the exchange rates provided by the European Central Bank.
To determine the amount of ARR due on an eligible sale, please use the ACS ARR Calculator.