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OP 72: Consolidated FDPA breach of FDP ratio
or “Removed rule about group companies' foreign dividend payments”
You could also call this:

“Outdated rule about changes in company ownership affecting foreign dividend payments”

This part of the law used to talk about what happens to a consolidated FDP group’s account when there’s a change in who owns the company. FDP stands for foreign dividend payment. The law said there would be a debit, which is like a charge, in the group’s account if the company’s shareholders changed too much. However, this rule doesn’t exist anymore. The government removed it on 1 April 2017. If you want to know more about why they changed this, you can look at section 241(1) of the Taxation Act 2017.

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Next up: OP 74: Consolidated FDPA debit for policyholder base FDP credits

or “Removed rule about tax credits for insurance companies in group tax arrangements”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: FDP debits of consolidated FDP groups

OP 73Consolidated FDPA debit for loss of shareholder continuity (Repealed)

    Notes
    • Section OP 73: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).