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OP 114: Consolidated PCA reduced deficit debit in FDP account
or “Outdated tax rule about policyholder credits for company groups”
You could also call this:

“Insurance company group tax payment rule for customer-related tax (no longer applies)”

This part of the law used to be about how groups of companies could pay tax related to their insurance customers. However, it no longer applies. The government removed this rule on 1 July 2010. If you need to know about how insurance companies pay tax now, you should look at other parts of the tax law that are still in effect.

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Next up: OP 116: Consolidated PCA transfer to imputation credit account

or “Removed rule about transferring funds between company accounts in insurance groups”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: Policyholder debits of consolidated groups

OP 115Consolidated PCA payment of tax relating to policyholder base (Repealed)

    Notes
    • Section OP 115: repealed, on , by section 483(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).