Memorandum accounts - Memorandum accounts of consolidated groups - Branch equivalent tax debits of consolidated BETA groups
OP 107: Consolidated BETA refund of income tax
You could also call this:
“Removed rule about tax refunds for company groups”
This part of the law used to talk about refunding income tax for a group of companies that work together. It was called ‘Consolidated BETA refund of income tax’. BETA stands for Branch Equivalent Tax Account. However, this rule doesn’t exist anymore. The government removed it on 30 June 2009. If you need to know more about why this happened or what it used to mean, you might need to look at other parts of the tax laws.
OP 108: Consolidated BETA debit for loss of shareholder continuity, or
“Outdated tax rule about company ownership changes and tax balances”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Branch equivalent tax debits of consolidated BETA groups
OP 107Consolidated BETA refund of income tax (Repealed)
Notes
Section OP 107: repealed (with effect on 30 June 2009), on , by section 479(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
