VAT2124

Understood, but that's too general to help Can you explain the meaning of, and give an example of the following: "common financial interest in the proceeds of the business" and "seeking to realise the same economic objective"

Hi, I’m reading from Statement of Practice 4 (1983) Published 1 April 1983 https://www.gov.uk/government/publications/statement-of-practice-4-1983/statement-of-practice-4-1983 Under section 6 there are 2 lines which I’d like you to clarify. I spoke to your colleague on the VAT helpline, who referred it to a VAT technical staff member, but neither were able to explain their meaning. I also received an arranged callback from another VAT technical staff member, but got no further forward. What is the meaning of the following: Financial links • common financial interest in the proceeds of the business Economic links • seeking to realise the same economic objective