Memorandum accounts - Memorandum accounts of consolidated groups - Introductory provisions
OP 97: Branch equivalent tax accounts of consolidated BETA groups
You could also call this:
“Rules for specific tax accounts of certain company groups no longer apply”
This part of the law used to talk about branch equivalent tax accounts for consolidated BETA groups. However, it’s no longer in effect. The government removed this section on 1 July 2012. This means that from that date, these rules don’t apply anymore. If you need to know about tax accounts for these types of groups, you should look at newer parts of the tax law.
OP 98: Choosing to stop being consolidated BETA group, or
“Discontinued option to leave consolidated BETA groups”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Introductory provisions
OP 97Branch equivalent tax accounts of consolidated BETA groups (Repealed)
Notes
OP 97: repealed, on (applying for income years beginning on or after that date), by section 116(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
