Section OP 72 — Income Tax Act 2007: Consolidated FDPA breach of FDP ratio

OP 72 Consolidated FDPA breach of FDP ratio Debit (1) A consolidated FDP group has an FDP debit for a tax year for the amount of a debit that would arise under section OC 22 (FDPA breach of FDP ratio) in the FDP account of a group company in the absence of section OP 54(3) . Table references (2) The group’s FDP debit in subsection (1) is referred to in table O22: FDP debits of consolidated FDP groups, row 10 (breach of FDP ratio). The group company’s FDP debit in subsection (1) is referred to in table O4: FDP debits, row 11 (breach of FDP ratio). Debit date (3) The debit date is the last day of the tax year. Defined in this Act: amount , company , consolidated FDP group , FDP account , FDP debit , tax year , Compare: 2004 No 35 s MG 15(1)(f), (2)(e)