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OP 105: Consolidated BETA payment of FDP
or “How a group of companies used to pay a specific tax using a consolidated account”
You could also call this:

“Removal of tax reduction option for consolidated company groups”

You used to be able to reduce your foreign dividend payment (FDP) if you were part of a consolidated branch equivalent tax account (BETA) group. However, this law was removed on 30 June 2009. This means you can no longer use this method to reduce your FDP.

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Next up: OP 107: Consolidated BETA refund of income tax

or “Removed rule about tax refunds for company groups”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: Branch equivalent tax debits of consolidated BETA groups

OP 106Consolidated BETA reduction of FDP (Repealed)

    Notes
    • Section OP 106: repealed (with effect on 30 June 2009), on , by section 479(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).