Last updated: 03 Nov 2025
QI Services in the United Kingdom
QI compliance for banks, brokers, custodians and asset managers in the United Kingdom:
QI registration & agreement, implementation of W-forms & Reason-to-Know,
operational run (pooling, treaty rates, 1042/1042-S) as well as
Periodic Review & RO certification – delivered remotely or on site.
New: QDD (Qualified Derivatives Dealer) optional – including 871(m) support.
Highlights (at a glance)
Approved KYC (United Kingdom)
UK KYC standards are recognised under the QI regime; nevertheless W-forms, RtK and renewals remain central.
KYC W-8/W-9 RtK
Pooling & treaty rates
Documentation and withholding tax concept including pools, treaty relief and – optionally – QDD/871(m) coverage.
Pooling Treaty 871(m) QDD
1042/1042-S & Periodic Review
Annual 1042/1042-S obligations, alignment of Chapters 3/4 and Periodic Review including RO certification.
1042-S RO Review
Services: Start · Build · Run · Assurance
Packages & pricing – Qualified Intermediary (QI) (United Kingdom)
START — QI registration & setup
QI portal, RO/CO, agreement onboarding
€ 3,200 fixed fee
- QI registration (EIN, QI portal), governance, QDD option
- Documentation/forms strategy (W-8IMY, W-8BEN-E etc.)
- Checklists & templates for a safe start
BUILD — Implementation & advisory
W-forms, RtK, pooling, QDD (optional)
from € 6,500 (depending on scope)
- Validations & refresh cycles, exception handling
- Pooling & treaty rates, backup withholding risks
- 871(m)/QDD processes (optional), roles & workflows
RUN — Operational run (1042/1042-S)
RtK clearing, annual reports, corrections
€ 4,500 light · € 7,900 standard · € 12,500 extended
- Annual 1042/1042-S preparation & Chapter 3/4 alignment
- Error handling & correction runs, evidence & reporting
- QDD (optional): dividend equivalents, recordkeeping
ASSURANCE — Periodic Review & RO
Mandatory review with robust workpapers & certification preparation
€ 7,500 Quick · € 14,500 Deep dive · from € 28,000 Full Periodic Review
- Self-assessment vs. QI agreement, gap analysis
- Sampling plan, testing & workpapers (audit trail)
- Remediation plan & RO certification preparation
- QDD/871(m) optional: additional scope & evidence
Optional add-ons
- QDD/871(m) deep scope (price based on scope, typically from € 3,500)
- Additional samples/segments (from € 1,200)
- Vendor report testing (1042-S layouts, validations, corrections) from € 1,800
- On-site days (UK/EU): € 1,100 / day plus travel costs as agreed
- Training (front office, compliance/operations, IT/data) – from € 1,400
Prices are net, subject to scope/complexity and data quality.
Process & responsibilities
Your institution
- QI/QDD decisions, product scope, intermediary relationships
- Provision of data, interface owners & contact persons
- Approvals, policies & oversight of operational implementation
Owner Data
USTaxBanks
- Functional implementation & quality assurance (documentation, pools, rates)
- Support with 1042/1042-S and Chapter alignment
- QDD (optional): design & review of 871(m)/QDD processes & evidence
Execution Support QDD
FAQ
What does QDD (optional) mean in practice?
With the QDD election, certain derivatives business can be managed under your QI. We support you with 871(m) scope, instrument classification, process design and the required evidence.
Do we still need W-forms despite Approved KYC (United Kingdom)?
Yes. Approved KYC facilitates documentation review but does not replace W-forms and Reason-to-Know obligations.
Do you fully support the Periodic Review – including QDD?
Yes. We perform the review (including sampling & testing) and prepare the RO certification – with an optional QDD focus on 871(m) controls and evidence.