IFM41350 | Administrative requirements: deliberate breach of activity condition

FA22/SCH2/PARA29(3)

As mentioned in IFM40420, a deliberate breach of the activity condition cannot be cured and therefore the company will exit the QAHC regime on the date on which the QAHC became aware of the breach.

The company must submit a ‘breach and exit’ notification under PARA 26 to HMRC as soon as reasonably practicable.