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OC 17: FDPA credit transfer by company
or “Outdated rule about companies transferring foreign dividend payment credits”
You could also call this:

“Old rule about moving company funds between accounts no longer applies”

This part of the law used to be about moving money from one type of company account to another. It was called ‘FDPA transfer to imputation credit account’. However, this rule no longer applies. The government removed it on 1 April 2017, so you don’t need to worry about it anymore.

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Next up: OC 19: FDPA transfer to CTR account

or “Outdated rule about moving funds between tax accounts no longer applies”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 18FDPA transfer to imputation credit account (Repealed)

    Notes
    • Section OC 18: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).