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)
- 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 claim’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.