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OD 23: FDP payable for CTR debits
or “Outdated rule about foreign dividend payments for tax relief debits”
You could also call this:

“Former rule on foreign dividend payments for certain company mergers no longer applies”

This part of the law used to talk about FDP (foreign dividend payment) that you might have to pay when companies join together in a special way called a resident’s restricted amalgamation. However, this rule doesn’t exist anymore. It was removed from the law on 30 June 2009. This means you don’t need to worry about this specific rule now when thinking about foreign dividend payments in these situations.

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Next up: OD 25: Refunds on transfers to CTR account

or “This rule about refunds for CTR account transfers no longer applies”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 24FDP payable on resident’s restricted amalgamation (Repealed)

    Notes
    • Section OD 24: repealed (with effect on 30 June 2009), on , by section 429(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).