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OD 18: CTRA tax advantage arrangement
or “Removed rule about tax advantage arrangements in special accounts”
You could also call this:

“This provision about memorandum accounts has been removed from the law”

This section of the law, called ‘CTRA final balance’, used to be part of the Income Tax Act 2007. It was about memorandum accounts. However, this part of the law no longer exists. It was removed on 7 May 2012. The removal applies to income years that started on or after 1 July 2011. This means that from that date, you don’t need to worry about this particular rule anymore when dealing with your taxes or business accounts.

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Next up: OD 20: CTR credits attached to dividends

or “Rules about tax credits on dividends from overseas companies have been removed”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 19CTRA final balance (Repealed)

    Notes
    • Section OD 19: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).