Part 3 Ceasing to be a QAHC
Finance Act 2022 (2022 c 3) | Legislation

Part 3 Ceasing to be a QAHC

Exit notification

25

(1)     If a QAHC decides that an entry notification is to cease to be in force in relation to it, it may make a notification to HMRC (an “exit notificationâ€).

(2)     An exit notification must—

(a)     state the name and Unique Taxpayer Reference of the QAHC;

(b)     specify the date on which the entry notification no longer has effect.

(3)     The date specified may be no earlier than the day after the day on which the exit notification is made.

(4)     An exit notification comes into force on that specified date.

Requirement to notify when conditions no longer met

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(1)     A QAHC must notify HMRC if a relevant condition ceases to be met in relation to it as soon as reasonably practicable after becoming aware of the breach of the condition.

(2)     In sub-paragraph (1) “relevant condition†means any of the conditions in paragraph 2(1), other than the condition in paragraph 2(1)(g) (requirement for entry notification to be in force).

(3)     A notification under sub-paragraph (1) must set out—

(a)     a description of the breach,

(b)     the date on which it occurred,

(c)

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