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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.

Global security teams assess impact of suspected Russian cyber attack

Global security teams assess impact of suspected Russian cyber attack
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

British pound jumps on extension to Brexit talks but businesses frustrated by delay

British pound jumps on extension to Brexit talks but businesses frustrated by delay
thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.

British Cyber Spies Unaware of Any UK Impact from US Hacking, Says Downing Street Spokesman

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