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OD 19: CTRA final balance
or “This provision about memorandum accounts has been removed from the law”
You could also call this:

“Rules about tax credits on dividends from overseas companies have been removed”

This section of the law, called ‘CTR credits attached to dividends’, has been removed. It is no longer part of the rules. The government took it out of the Income Tax Act 2007 on 7 May 2012. This change affects how things work from 1 July 2011 onwards. If you want to know more about why this happened, you can look at section 99(1) of the Taxation (International Investment and Remedial Matters) Act 2012.

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Next up: OD 21: CTRA benchmark dividend rules

or “Rules about certain dividends no longer apply since 2011”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 20CTR credits attached to dividends (Repealed)

    Notes
    • Section OD 20: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).