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INTM489690 - International Manual - HMRC internal manual

INTM489690 - Diverted Profits Tax: application of Diverted Profits Tax: legislation – Finance Act 2015 – core provisions: section 87 - exception for limited UK-related sales or expenses You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. UK-related sales In order to focus the operation of section 86 (“avoidance of a UK taxable presence”) on situations where there is a substantial level of economic activity in the UK there is an exception based on the level of a foreign company’s sales that are related to activity in the UK. Where those sales revenues of the foreign company taken together with certain sales revenues of connected companies are no more than £10 million in a 12-month accounting period, section 86 cannot apply.

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