Memorandum accounts - Memorandum accounts of consolidated groups - Imputation debits of consolidated imputation groups
OP 36: Consolidated ICA overpayment of FDP
You could also call this:
“Outdated rule about overpaid foreign dividend tax for company groups”
This part of the law used to talk about what happens when a group of companies pays too much Foreign Dividend Payment (FDP) tax. However, this rule no longer applies. The government removed it on 1 April 2017. If you need to know about how companies pay taxes on foreign dividends now, you should look at other, more current parts of the tax law.
“Group debit when a company's imputation credit account would be negative”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Imputation debits of consolidated imputation groups
OP 36Consolidated ICA overpayment of FDP (Repealed)
Notes
Section OP 36: repealed, on , by section 237 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
