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OP 63: Consolidated FDPA reversal of tax advantage arrangement
or “Rules about reversing tax advantages for consolidated groups no longer apply”
You could also call this:

“Removed rule about dividend payments for certain company groups”

This section of the law, called ‘Consolidated FDPA payment of dividend’, was part of the Income Tax Act 2007. It was about FDP debits of consolidated FDP groups. However, you don’t need to worry about this anymore because it was removed from the law on 1 April 2017. This means it no longer applies and you can’t use it.

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Next up: OP 65: Consolidated FDPA credit transfer by company

or “Company credit transfers in consolidated accounts no longer apply”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: FDP debits of consolidated FDP groups

OP 64Consolidated FDPA payment of dividend (Repealed)

    Notes
    • Section OP 64: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).