Memorandum accounts - Memorandum accounts of consolidated groups - FDP debits of consolidated FDP groups
OP 76: Consolidated FDPA tax advantage arrangement
You could also call this:
“Removed rule about tax advantages for consolidated FDP groups”
This section of the law, called ‘Consolidated FDPA tax advantage arrangement’, 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 it out on 1 April 2017. This means that this particular rule no longer applies and you don’t need to worry about it anymore.
“Removed rule about consolidated FDP group balances”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
FDP debits of consolidated FDP groups
OP 76Consolidated FDPA tax advantage arrangement (Repealed)
Notes
Section OP 76: repealed, on , by section 243 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
