It is part of the Royal Armoured Corps and consists of four squadrons:[11] For the purposes of parading, the Regiments of the British Army are listed according to an order of precedence.

On 22 September 2007 Prince Charles, in his capacity as Royal Honorary Colonel of The Queen's Own Yeomanry, presented a new Guidon to the Regiment in an hour-long ceremony in the grounds of Alnwick Castle.

[13] In late 2013, with the phasing out of CVR(T) across the British Army, the regiment was re-equipped with the Land Rover Defender-based RWMIK, a light armoured vehicle, equipped with the General Purpose Machine Gun (GPMG) and the Browning .50 Heavy Machine Gun (HMG), as well as individual BOWMAN digital battlefield communications systems and specialised surveillance optics, including thermal imaging.

The Regimental Stable Belt or shoulder flashes are worn to show a soldier or officer is serving with the QOY in various forms of dress.

The colour of both is Prussian blue with two horizontal stripes of cavalry gold (yellow): [15] The regiment has received the Freedom of several locations throughout its history; these include: