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OP 60: Consolidated FDPA credit transfer to company
or “Outdated rule about transferring tax credits between companies in a group”
You could also call this:

“Transfer of funds from group CTR account to FDPA no longer allowed”

You used to be able to move money from a group’s CTR account to its FDPA. This was called a ‘Consolidated FDPA transfer from group’s CTR account’. However, this rule no longer exists. It was removed on 6 October 2009, but the change applies from 1 April 2009. This means you can’t make this kind of transfer anymore.

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Next up: OP 62: Consolidated FDPA transfer for net foreign attributed income

or “This provision about transferring foreign dividend payments in company groups has been removed from the law”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: FDP credits of consolidated FDP groups

OP 61Consolidated FDPA transfer from group’s CTR account (Repealed)

    Notes
    • Section OP 61: repealed (with effect on 1 April 2009), on , by section 464(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).