Commission Policy
1. Light Zone Productions normally charges
a fee (usually referred to as a ’commission’),
agreed in advance with the Artiste or Promoter, which is ALWAYS
quoted NETT OF PROMPT PAYMENT DISCOUNT.
2. When charged to an Artiste, discount
may be claimed only if payment is made within SEVEN DAYS of
the date of the engagement or the date of the artiste’s
receipt of payment, whichever is the later. When charged to
a Promoter, discount may be claimed only if payment is made
within SEVEN DAYS of the date of the invoice. Discount may
be claimed only when an account is in order (i.e. no outstanding
amounts are due).
3. All such fees will be invoiced as if
they were paid later than seven days, with the amount of discount
that may be claimed clearly indicated on each Invoice. Any
Statements will show only the gross commission.
4. For example, a booking for £100.00
at the standard rate would be invoiced at £ 17.25. A
discount of £2.25 would be available for payment within
seven days, so if you paid within that time you would only
pay £15.
5. Similarly, a £300.00 split commission
booking might be invoiced at £ 77.625. A discount of
£10.125 would be available for payment within seven
days, so if you paid within that time you would only pay £67.50.
6. Any appropriate taxes (for example Value
Added Tax) will be charged at the applicable rate. Light Zone
Productions is not registered for VAT purposes at the time
of writing, so regulations currently require that VAT is not
charged.
7. Invoices will be automatically modified
(and if necessary re-issued) as required by Law to allow for
any changes made by Government to taxation regulations. This
is beyond our control and could in some circumstances change
the amount that will have to be paid even after a contract
has been negotiated and our fee agreed, for example if the
standard rate of VAT changes. At the time of writing we are
not aware of any proposal by Government to change the current taxation regime.
8. The date of payment shall be:
a. In the case of payment by post, the date of the postmark
on the envelope.
b. In the case of payment in person, the date on which that
amount is physically paid.
9. No responsibility can be accepted for
cash posted through our letterbox. If it is stolen or for
any other reason we do not receive it, you will have to pay
again. We therefore recommend that you pay either by cheque,
or by physically handing your cash to a member of staff or
a person whose name you can take to ensure that such payments
can be traced.
10. All accounts with overdue balances that
exceed 30 (Thirty) days will be subject to Statutory Interest
at the rate approved by the Government from time to time together
with appropriate Administration Charges.
11. Monies owing to Artistes from Light
Zone Productions will be paid within seven days of receipt
of cleared funds after contracted date or in accordance with
the contractually agreed terms.
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