V18.113 Connected persons

V18.113 Connected persons

Any question of whether a person is connected with another is determined in accordance with the Income Tax Act 2007, s 993 and the Corporation Tax Act 2010, s 1122. In most cases connected transactions can be easily identified. However, HMRC accepts that there may be occasions when the connection is coincidental and where there is a genuine difficulty in identifying connected sales the higher rate of tax will only apply where there is a deliberate or systematic attempt:

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    •     by a supplier of relevant goods or services to sell insurance to purchasers of those goods or

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