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OA 15: When credits or debits due to consolidated group but not recorded
or “How unrecorded financial items are handled when companies merge”
You could also call this:

“Old rule about company mergers and tax accounts no longer applies”

This section of the law was about FDP accounts ending when companies join together. However, it has been removed from the law on 1 April 2017. The government made this change as part of a bigger update to tax rules. You don’t need to worry about this rule anymore because it no longer applies.

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Next up: OA 17: When policyholder credit account ends on resident’s restricted amalgamation

or “When a policyholder credit account ends due to companies merging”
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Part O Memorandum accounts
General provisions: Amalgamation of companies in consolidated groups

OA 16When FDP account ends on resident’s restricted amalgamation (Repealed)

    Notes
    • Section OA 16: repealed, on , by section 186 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).