TCM0258180 - Renewals - change of circumstances: Renewals - self-employed income changes (Info)
The Annual Declaration will ask the customer to provide actual self-employed income for PY. If they can not
- they will be asked to provide an estimate of their income before the 1st Specified Date (1SD)
then
- they will be asked to provide the actual income before the 2nd Specified Date (2SD).
If an estimate of the self-employed income has been provided, the customer will be issued with a reminder approximately six weeks before the 2SD to ask them for their actual income.
If the customer provides the actual self-employed income, you must enter this income amount in Function AMEND APPLICATION, choosing the Correction option.
If the actual self-employed income is not received by the 2SD, the claim will be finalised and the computer will use the estimated figures, and accept these as the actual income.
Note: You must take particular care where CY and PY claims are both affected by a reported change. If the PY has been finalised and the claim바카라 사이트™s 1SD has passed, you must not make any changes to the PY claim unless estimated income is changed to actual. Follow the guidance in TCM0254220.