Memorandum accounts - Memorandum accounts of consolidated groups - Consolidated groups’ FDP payments and refunds
OP 96: Refund on transfer from group’s FDP account
You could also call this:
“Cancelled rule about refunds when moving money between company group accounts”
This section of the law was about getting money back when moving funds from a group’s FDP account. However, it’s important to know that this part of the law is no longer active. The government removed it on 7 May 2012, and it stopped being used from 1 July 2011. This means that the rules about refunds for FDP account transfers in group situations don’t apply anymore.
OP 97: Branch equivalent tax accounts of consolidated BETA groups, or
“Rules for specific tax accounts of certain company groups no longer apply”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Consolidated groups’ FDP payments and refunds
OP 96Refund on transfer from group’s FDP account (Repealed)
Notes
Section OP 96: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 115(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
