1st Specified Date And 2nd Specified Date (Info)

The Annual Declaration notice must be completed and returned to HM Revenue & Customs (HMRC) by the 1st specified date (1SD) providing actual income where possible. From 200 7 / 200 8 tax year, the 1SD is 31st July.

If a reply to an Annual Declaration has not been received by this date then any provisional payments for the current year ( CY) will cease and the previous year will be finalised on information held on the computer.

The 2nd specified date (2SD) is 31st January.

If a claimant provides you with an estimate of their income before the 1SD, then they must provide an actual figure for their income before the 2SD. If an actual figure is not received by the 2SD, then the computer will re-finalise the renewal based on the estimated figure and make the estimate, an actual figure.

You can, where appropriate, change the specified dates. To do this you must use Function MANAGE FINALISATION. Follow the guidance in Finalise.