“This provision about FDPA final balance has been removed and no longer applies”
You no longer need to worry about the ‘FDPA final balance’ provision in the Income Tax Act 2007. This part of the law was removed on 1 April 2017. It used to be part of the rules about memorandum accounts, but now it doesn’t apply anymore. If you see this section mentioned in older documents, you can ignore it because it’s not part of the current law.
“Old rules about foreign dividend payment credits on dividends no longer apply”
Part O
Memorandum accounts
Foreign dividend payment accounts (FDPA)
OC 26FDPA final balance (Repealed)
Notes
Section OC 26: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
