Consider PY-1 Or Earlier Changes (Info)
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Once an award has been
finalised after the end of
the tax credit year it can only be changed in a limited number of
circumstances
You must consider which year(s) the change affects because
it could be for
- Previous Year minus 1 (PY-1) or earlier
- Previous Year (PY)
- Current Year (CY)
Or
- Any combination of these years
When working this guidance the oldest year must be worked first
