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OC 10: FDPA payment of FDP for conduit debit balance
or “Removed rule about paying foreign dividend payment for conduit debit balance”
You could also call this:

“This provision about transferring FDPA credits to companies has been removed from the law”

You should know that this part of the law about FDPA credit transfer to a company has been removed. It was taken out of the Income Tax Act 2007 on 1 April 2017. This means that this specific rule doesn’t apply anymore. If you need to know about FDPA credit transfers to companies, you’ll need to look at newer parts of the tax law.

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Next up: OC 12: FDPA reversal of tax advantage arrangement

or “This provision about reversing tax advantages for FDP accounts no longer applies”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 11FDPA credit transfer to company (Repealed)

    Notes
    • Section OC 11: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).