http://www.legislation.gov.uk/id/ukpga/2009/4

Part 8Intangible fixed assets

Chapter 2Credits in respect of intangible fixed assets

722Receipts in respect of royalties so far as not dealt with under section 721

(1)

So far as a receipt in respect of any royalty does not give rise to a credit under section 721 in the period of account in which it is received or in a subsequent period of account, a credit must be brought into account for tax purposes.

(2)

The credit must be brought into account in the accounting period in which the receipt is recognised for accounting purposes.

(3)

The amount of the credit is equal to so much of the amount of the receipt as does not give rise to a credit under section 721.