87 Exception for companies with limited UK-related sales or expenses
Finance Act 2015 (2015 c 11) | Legislation

87  Exception for companies with limited UK-related sales or expenses

(1)     Section 86 does not apply to the foreign company for an accounting period if one or both of the following conditions is or are met.

(2)     The first condition is that, for the accounting period, the total of—

(a)     the UK-related sales revenues of the foreign company, and

(b)     the UK-related sales revenues of companies connected with the foreign company,

does not exceed £10,000,000.

(3)     The second condition is that the total of—

(a)     the UK-related expenses of the foreign company incurred in the accounting period, and

(b)     the UK-related expenses of companies connected with the foreign company incurred in that period,

does not exceed £1,000,000.

(4)

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