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OC 21: FDPA transfer to group account
or “Removed law about transferring money between company accounts”
You could also call this:

“This provision about foreign dividend payment rules no longer exists”

This part of the law used to talk about something called ‘FDPA breach of FDP ratio’. It was part of the rules about ‘Memorandum accounts’ in the Income Tax Act 2007. However, this section doesn’t exist anymore. It was removed from the law on 1 April 2017. This means that whatever rules were in this section are no longer in effect.

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Next up: OC 23: FDPA breach of FDP ratio by PCA company

or “Removed law about tax accounting for certain companies”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 22FDPA breach of FDP ratio (Repealed)

    Notes
    • Section OC 22: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).