Section OC 16 — Income Tax Act 2007: FDPA refund of tax credit

OC 16 FDPA refund of tax credit Debit (1) An FDPA company has an FDP debit for the amount of a transfer or refund to the company under section LA 6(2)(d) or (e) (Remaining refundable credits: PAYE, RWT, and certain other items) to the extent to which the amount transferred or refunded is a tax credit under subpart LF (Tax credits for FDP credits). Table reference (2) The FDP debit in subsection (1) is referred to in table O4: FDP debits, row 5 (refund of tax credit). Debit date (3) The debit date is the day the transfer or refund is made. Defined in this Act: amount , FDP debit , FDPA company , Compare: 2004 No 35 s MG 5(1)(e), (2)(d) Section OC 16(1): substituted (with effect on 1 April 2008), on 6 October 2009, by section 409(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section OC 16(3): substituted (with effect on 1 April 2008), on 6 October 2009, by section 409(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).