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OD 1: General rules for companies with CTR accounts
or “Old rules for companies with special tax accounts no longer apply”
You could also call this:

“CTR accounts are no longer used for tax purposes”

You don’t need to worry about CTR accounts anymore. The law that talked about them has been removed. This happened on 7 May 2012, but it actually applies from 1 July 2011. It affects any money you make from that date onwards. The government made this change as part of a bigger law about taxes on international investments and other related matters.

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Next up: OD 3: Choosing to become CTR company

or “You can no longer choose to become a CTR company”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 2CTR accounts (Repealed)

    Notes
    • Section OD 2: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).