Memorandum accounts - Memorandum accounts of consolidated groups - FDP debits of consolidated FDP groups
OP 68: Consolidated FDPA refund of tax credit
You could also call this:
“Refund rules for company groups' foreign dividend tax credits (no longer applies)”
This part of the law used to be about how a group of companies could get a refund for a tax credit related to foreign dividends. However, this rule doesn’t apply anymore. The government removed it on 1 April 2017. If you need to know about tax rules for company groups and foreign dividends, you should look at newer parts of the tax law.
OP 69: Consolidated FDPA transfer to imputation credit account, or
“Transfer of consolidated foreign dividend payment account to imputation credit account (no longer in effect)”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
FDP debits of consolidated FDP groups
OP 68Consolidated FDPA refund of tax credit (Repealed)
Notes
Section OP 68: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
