IFM41210 - Administrative requirements: introduction

As part of the requirements of the QAHC regime, there are ten different occasions where a company must make notifications to HMRC:

  1. When a company meets the eligibility conditions, and wishes to enter the QAHC regime;
  2. When a company meets all the eligibility conditions except for the ownership condition, and wishes to enter the QAHC regime;
  3. After entering the QAHC regime, if the ownership condition is breached within the first two years;
  4. After entering the QAHC regime, if there is no longer reasonable expectation of the QAHC meeting the ownership condition within the first two years;
  5. When a QAHC breaches one of the eligibility conditions and exits the regime;
  6. When a QAHC breaches the activity condition and wishes to enter a cure period;
  7. When a QAHC breaches the ownership condition and wishes to enter a cure period;
  8. When a QAHC breaches the ownership condition and wishes to enter a wind-down period;
  9. After entering a wind-down period, if the QAHC subsequently acquires assets or raises capital;
  10. When a QAHC wishes to voluntarily exit the QAHC regime.

Once a company enters the QAHC regime, it must also make a return of certain information to HMRC after the end of each accounting period. Further details can be found at IFM41220+.

HMRC may specify in a notice the form and manner that information is required to be given as part of the QAHC regime (PARA 57). HMRC require that notifications and the annual information return should be made electronically. The notice specifying this requirement and details of how to do this can be found on the relevant GOV.UK page.

Note that when a company leaves the QAHC regime, there are exit consequences – see IFM40450 for further guidance.

HMRC’s QAHC team

The QAHC regime will be administered by a HMRC’s QAHC team:

Email: [email protected]

Address: Wealthy and Mid-Size Business Compliance, HM Revenue and Customs, BX9 1QW

Phone number: 03000 515900

This team will also deal with any non-statutory clearances that are appropriately requested in line with the non-statutory clearance guidance on gov.uk