“Rules about FDPA tax advantage arrangements have been removed”
This part of the law used to talk about something called an “FDPA tax advantage arrangement”. It was part of the rules about memorandum accounts in the Income Tax Act 2007. However, you don’t need to worry about it anymore because this section was removed from the law on 1 April 2017. The government decided it wasn’t needed any longer, so they took it out of the Income Tax Act.
“This provision about FDPA final balance has been removed and no longer applies”
Part O
Memorandum accounts
Foreign dividend payment accounts (FDPA)
OC 25FDPA tax advantage arrangement (Repealed)
Notes
Section OC 25: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
