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OE 10: BETA credit for loss of shareholder continuity
or “Discontinued tax credit for companies that lost shareholder continuity”
You could also call this:

“BETA final balances are no longer used in tax calculations”

You used to have something called a BETA final balance. This was part of the branch equivalent tax credits. However, this part of the law no longer exists. It was removed on 1 July 2012. This means that from that date onwards, you don’t need to worry about BETA final balances anymore when dealing with your taxes.

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Next up: OE 11B: Company with debit balance, including debits from conduit relief, in some income years

or “Old rule about company debit balances no longer applies”
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Part O Memorandum accounts
Branch equivalent tax accounts (BETA): Branch equivalent tax credits

OE 11BETA final balance (Repealed)

    Notes
    • Section OE 11: repealed, on (applying for income years beginning on or after that date), by section 109(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).