Self-employed

Self-employed
HMRC Tax Calculation and Tax Year Overview Requirements.
An introduction to Aldermore’s requirements
If your client is self-employed and applying for a mortgage or with us we can verify their income via their tax calculations.
When you submit your customer’s application, we will require Tax Calculation (SA302) and Tax Year Overview documents
covering the following number of latest tax years:
Mortgages
Commercial
Residential & Buy-to-let
Investment & Owner Occupied
2 years
3 years
You can view examples of these HMRC documents on pages 2 and 3 of this guide.
3 ways to access HMRC documents
HMRC
online
account
1. HMRC self-assessment online
Customers who usually send off their tax return through a HMRC self-assessment online
account, can print both of the required documents from their online account too.
Turn to page 5 for a step by step guide on how to do this – and if your clients
still find that they are unable to print from their online account, they can
contact HMRC for a paper copy of the documents.
2. Commercial software
Customers who usually send their tax return using commercial software, can
print the Tax Calculation (SA302) from there. As for the Tax Year Overview, they
should log into their official online self-assessment account to print that off.
HMRC can also be contacted to obtain printed copies.
Print Tax
Calculations
3. By post and phone
If your clients usually send in a paper tax return, once it’s processed they
should automatically receive a copy of their Tax Calculation (SA302) by post.
A copy of the Tax Year Overview can then be obtained by calling HM
Revenue and Customs on 0300 200 3310.
Customers should have their National Insurance Number and Self Assessment
Unique Taxpayer Reference (UTR) to hand when they call.
Post
or
phone
Summary of Aldermore’s Requirements
Tax Calculation (SA302)
Tax Year Overview
One copy for each tax year via:
• HMRC Online Account
• Online commercial software
• Post, issued by HMRC
One copy for each tax year via:
• HMRC Online Account
• Post, issued by HMRC
1
Example Tax Calculation (SA302)
As seen when calculated via a HMRC online account.
Please note: all figures used are for illustrative purposes only.
2
Example Tax Year Overview
As seen when printed from a HMRC online account.
Please note: all figures used are for illustrative purposes only.
3
Example Tax Year Overview
As seen when printed and issued by the HMRC call centre.
Please note: all figures used are for illustrative purposes only.
4
A quick guide to printing tax calculation
documents
Printing Tax Calculations (SA302)
The quickest and easiest way to obtain a Tax Calculation (SA302) is to print a copy. Customers can do this from either:
• HMRC Self Assessment online account
• OR the commercial software that was used to submit the return
Please note: Tax Calculations (SA302) will only be available to print 72 hours after the submission of an annual tax return.
You can currently view and print up to 3 years of Tax Calculations (SA302) from a HMRC online account. This will increase
to 4 years from April 2016.
1
Log into the HMRC online account via online.hmrc.gov.uk
2
Select ‘Self Assessment’ (NB. If your clients are only registered for Self
Assessment they will be automatically directed to this screen)
3
Follow the link ‘View your Tax Return’
4
Follow the link ‘Tax Return options’
5
Select the desired year from the drop down menu and click the ‘Go’ button
6
Select the ‘View return’ button
7
Follow the link ‘View calculation’
8
Follow the link ‘View and print your calculation’
9
Follow the link at the bottom of the page to ‘Print your full calculation’
5
Printing Tax Year Overviews
Your clients can print their Tax Year Overview from their HMRC online account by following these simple steps.
Please note: Tax Year Overviews will only be available to print 72 hours after the submission of an annual tax return.
1
Log into the HMRC online account via online.hmrc.gov.uk
2
Select ‘Self Assessment’ (NB. if your clients are only
registered for Self Assessment they will be automatically
directed to this screen)
3
Follow the link ‘Self Assessment Overview’
4
Follow the link ‘View account’
5
Follow the link ‘Tax years’
6
Select the desired year from the drop down menu and click
the ‘Go’ button
7
Follow the link ‘Print your Tax Year Overview’
Repeat steps 5 to 7 if you require Tax Year Overviews for any previous years.
Important note. This document is intended to provide information only. Individuals should seek advice on matters relating to
tax from a qualified individual.
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Aldermore Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. (Financial
Services Register number: 204503). Registered office: 1st Floor, Block B, Western House, Lynch Wood, Peterborough, PE2 6FZ. Registered in England No. 947662.
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