Memorandum accounts - Memorandum accounts of consolidated groups - Imputation credits of consolidated imputation groups
OP 11B: Consolidated ICA expenditure on research and development
You could also call this:
“This section about tax credits for group companies' research spending is no longer active”
You don’t need to know about this section of the law anymore. It used to be about how companies in a group could use money they spent on research and development to reduce their taxes. However, this part of the law was removed on 30 March 2017. The change applies to money spent from 1 April 2009 onwards. If you need to know about how research and development spending affects taxes now, you should look at other parts of the tax laws that are still in use.
OP 11C: Consolidated ICA credit for research and development tax credit, or
“Group tax credit for company's research and development”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Imputation credits of consolidated imputation groups
OP 11BConsolidated ICA expenditure on research and development (Repealed)
Notes
Section OP 11B: repealed (with effect on 1 April 2009), on , by section 230 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
