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Captive insurance companies are created to service the needs of a corporate group, effectively acting as a tied insurance company. You are likely to come across captive insurance companies in the control of very large traders. »Ê¹ÚÌåÓýappy are often located abroad.

Captive insurers are treated for regulatory and tax purposes like any other insurance company. Where a captive insurer provides insurance to corporate bodies with which it is grouped in a VAT group registration, such supplies are of course outside the scope of VAT in the normal way.