Memorandum accounts - Memorandum accounts of consolidated groups - FDP debits of consolidated FDP groups
OP 66: Consolidated FDPA refund of FDP
You could also call this:
“Refund process for foreign dividend payments to company groups (no longer applicable)”
This part of the law, called ‘Consolidated FDPA refund of FDP’, used to be about how companies get money back for something called FDP. FDP stands for foreign dividend payment. The law was part of a bigger set of rules about FDP debits for groups of companies. However, this specific rule doesn’t exist anymore. The government removed it on 1 April 2017. If you need to know more about this topic, you might need to look at other parts of the Income Tax Act 2007 or ask someone who knows about tax laws.
“Old rule about companies overpaying foreign dividend tax has been removed”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
FDP debits of consolidated FDP groups
OP 66Consolidated FDPA refund of FDP (Repealed)
Notes
Section OP 66: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
