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.

Please Note:

No responsibility can be accepted for cash posted through our letter box. 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 either pay by cheque, or else ensure that you physically hand your cash to a member of staff or a person whose name you can take to ensure that such payments can be traced.

 

 

Return to Terms of Business

Return to top