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OC 7: FDPA dividend derived with FDP credit
or “This rule about certain company dividends was removed in 2017 and no longer applies”
You could also call this:

“This provision about paying tax on certain company account transfers has been removed from the law”

You don’t need to worry about this part of the law anymore. It used to be about something called ‘FDPA payment of FDP for transfer from CTR account’, but it has been removed from the law. This means it no longer applies and you don’t have to follow it. The government decided to take it out of the rules on 30 June 2009, and they made this change official on 6 October 2009. Sometimes laws change like this when they’re not needed anymore or when the government wants to do things differently.

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Next up: OC 9: FDPA transfer for net foreign attributed income

or “Removal of rules about foreign dividend payment account transfers for overseas income”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 8FDPA payment of FDP for transfer from CTR account (Repealed)

    Notes
    • Section OC 8: repealed (with effect on 30 June 2009), on , by section 406(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).