Foreign company (¶777-020) has the same meaning as in FA 2015, s. 86 (FA 2015, s. 87(5)).

UK activity means activity carried on in the UK in connection with supplies of services, goods or other property made by the foreign company (¶777-020) in the course of the trade mentioned in ¶777-020 (i.e. in FA 2015, s. 86(1)(b)) (FA 2015, s. 87(5)).

UK-related expenses of a company, means the expenses of that company which relate to UK activity (FA 2015, s. 87(5)).

UK-related sales revenues means:

(1)in the case of the foreign company (¶777-020), the sales revenues of that company from UK-related supplies; and

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