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OD 8: CTRA reduction of FDP
or “This outdated provision about reducing foreign dividend payments in a tax credit account is no longer applicable”
You could also call this:

“Removed rule about undoing tax benefits in certain company accounts”

This section of the law has been removed. It used to be about reversing tax advantages in CTR accounts. The government took it out of the law on 7 May 2012. This change started working from 1 July 2011 for income years that began on or after that date. You don’t need to worry about this rule anymore because it’s not part of the law now.

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Next up: OD 10: CTRA payment of dividend

or “This rule about paying dividends from tax credits was removed in 2011”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 9CTRA reversal of tax advantage arrangement (Repealed)

    Notes
    • Section OD 9: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).