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OC 33: Income tax paid satisfying liability for further income tax
or “Income tax payments used to cover additional tax obligations (removed)”
You could also call this:

“Extra income tax payments no longer count towards regular income tax”

This part of the law has been removed. It used to talk about how extra income tax paid could be used to pay off regular income tax. The rule was taken out of the law on 1 April 2017. You don’t need to worry about this rule anymore because it no longer applies.

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Next up: OC 35: Meaning of FDP reference period

or “Explanation of a now-removed term related to foreign dividend payments”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 34Further income tax paid satisfying liability for income tax (Repealed)

    Notes
    • Section OC 34: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).