14/12/2017
Changes to HMRC Self Assessment documents to support loan and mortgage applications
This is a reminder that, on the 5 September 2017, HMRC changed the way it deals with requests for copies of the SA Tax Calculation (sometimes referred to as the SA302). From that date HMRC no longer issues paper copies of the tax calculation if the SA return has been filed online. There are exceptions, for example, if the mortgage provider is not on the List of Lenders who accept self-serve copies.
HMRC suggest that if:
• a Lender refuses to accept a self-serve copy, agents should check if they are on the List of Lenders. If they are, go back to the Lender with the list as evidence that they will accept self-serve copies
• agents are having problems printing from their commercial software, they should contact their software provider for assistance
• another third party requires a copy of the tax calculation, please check if they accept a self-serve copy.
Note: it is not a requirement to have:
• a HMRC covering letter with the tax calculation
• ‘SA302’ on the calculation printed from commercial software.
A list of lenders who will accept self-serve copies can be found in the HMRC’s guidance
https://www.gov.uk/government/publications/mortgage-providers-and-lenders-who-accept-a-sa302-tax-calculation-or-tax-year-overview
Find out which mortgage providers and lenders accept printed tax summaries.
