Memorandum accounts - Memorandum accounts of consolidated groups - FDP debits of consolidated FDP groups
OP 70: Consolidated FDPA transfer to group’s CTR account
You could also call this:
“Removed rule about transferring money between company tax accounts”
This section of the law, called ‘Consolidated FDPA transfer to group’s CTR account’, used to be part of the rules about FDP debits for consolidated FDP groups in the Income Tax Act 2007. However, it has been removed from the law. The government took this section out on 7 May 2012, but it actually stopped being used on 1 July 2011. This change affects income years that started on or after 1 July 2011. The law that made this change is called the Taxation (International Investment and Remedial Matters) Act 2012.
OP 71: Consolidated FDPA group company’s debit, or
“Removed law about tax debits for certain company groups”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
FDP debits of consolidated FDP groups
OP 70Consolidated FDPA transfer to group’s CTR account (Repealed)
Notes
Section OP 70: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 111(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
