Sepf Enployment Documents for Mortgage Application

[AA20192022]

Hi All,
I have applied for a top up mortgage, and I have submitted my tax overview’s, and tax computation. The broker has asked for tax calculation and said that is the format required by the lender. However my accountant has submitted my tax returns via a 3rd party stystem so the format the bank is asking for is not possible. I have an email from the accountant to confirm my tax returns and that due to tax returns being submitted on a 3rd oarty system he cannot provide the calculation format, and has also reiterated that many lenders accept the computation alongside the tax ivervoews which we have submitted already. Anyone else have a similar situation where they were successful approved? We have a high household income and good credit history, so this is the only thing cause delays…

Can you not log into your self assessment online and view the calculation and print it. Everyone can have access to that via the government gateway. It’s a faf to get registered.

@JustGiveMeWineNow no the self assessment was done via an accounibg software by the accountant. You only get the format the bank is asking for if you submit throughout government gateway.

The accountant should provide the info any way you want if you’re paying for their time. I used to have a Ltd co so had an excellent accountant.

The accountant provided the info for my mortgage app, in the exact format the bank wanted (a truly strange format) which took two goes to get right, but I was their client and they made sure it was sorted.

if you’re accountant won’t help, even for an additional cost, then it might be time to find a new accountant.

I think you need the SO302 form. So you do not have access to any of your self assessment information online?

I’m an accountant and this is a regular problem. Some brokers don’t have a clue. The actual lenders will accept the screen print of the HMRC account that matches the calculation provided by the accountant. The brokers are the problem as they don’t understand that the taxpayer can’t get a SA302 if a third party has submitted the return via software.

@Badbadbunny this is exactly the problem. Our accountant has saod he has used an external software hence he can only give a computation. Its the exact same info as the calculatoion document but just in a different format. Even HMRC’s website has stated that if an external software was used you will mot get a calculation it will be a computation. My broker was quite surprised at this and was concerned that the bank will not accept it.

I had trouble with this last year with Nationwide. I also submit my tax returns through third party software so could not access the correct documents from Government Gateway. I thought I had to submit the SA302 but it turns out that Nationwide needed the 'Tax Calculation'. It was a one page summary document that I was able to get from my third party software - here's the exact info on the Tax Calculation (minus the actual figures). Lucky I had a very helpful person at Nationwide dealing with our application😀

Tax Calculation (Tax Year ../..)

Income received (before tax taken off) £
Pay from all employments £
Dividends from UK companies £
Total income received £
minus Personal Allowance £

Total income on which tax is due £
How I have worked out your Income Tax

Dividends from companies etc.
Basic rate band at nil rate £ x % = £
Basic rate £ x % = £

Total income on which tax has been charged £
Income Tax due after allowances and reliefs £

Adjustments to tax due
Decrease in tax due because of adjustments to an earlier year £
Tax already refunded in the year £

Hope that helps OP?

@JusttheStart thanks for that. So did the lender accept the document from the third party software?

Yes, she (Nationwide BS) accepted this document) from our third party software.

@JusttheStart I think the issue is that the lender wants a calculations with the HMRC logo.. however I have provided the tax year overviews aswell which has the logo and matches the computation figures