Memorandum accounts - Memorandum accounts of consolidated groups - FDP debits of consolidated FDP groups
OP 72: Consolidated FDPA breach of FDP ratio
You could also call this:
“Removed rule about group companies' foreign dividend payments”
This part of the law used to be about something called a ‘Consolidated FDPA breach of FDP ratio’. However, it was removed from the law on 1 April 2017. This means that this rule no longer applies and you don’t need to worry about it anymore.
If you want to know more about why this rule was taken out, you can look at section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017. This is the part of the law that removed the old rule.
OP 73: Consolidated FDPA debit for loss of shareholder continuity, or
“Outdated rule about changes in company ownership affecting foreign dividend payments”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
FDP debits of consolidated FDP groups
OP 72Consolidated FDPA breach of FDP ratio (Repealed)
Notes
Section OP 72: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).