Memorandum accounts - Memorandum accounts of consolidated groups - CTR credits of consolidated groups
OP 83: Consolidated CTRA dividend derived with CTR credit
You could also call this:
“Removed rule about special dividends with CTR credits for company groups”
This section of the law has been removed. It used to be about a special kind of dividend that companies in a group could receive. The dividend had something called a CTR credit attached to it. The law explaining how this worked is no longer active. It was taken out of the rules on 7 May 2012, but this change was meant to start from 1 July 2011. This means that from July 2011 onwards, companies don’t use this rule anymore when they’re working out their taxes.
OP 84: Consolidated CTRA group company’s credit, or
“Removed tax credit for consolidated company groups no longer applies”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
CTR credits of consolidated groups
OP 83Consolidated CTRA dividend derived with CTR credit (Repealed)
Notes
Section OP 83: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 113(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
