Self Employed Income

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Lenders will have different requirements to assess your income. Some require three years' worth of trading figures others accept two years and some, one year. The more documentation that you can give us, the wider choice of mortgages we can consider for you.

Proof of Income Documents

1. Figures from HMRC

Lenders normally require are the Tax Calculation (also known as the SA302) and Tax Year Overview for the relevant years.

The Tax Calculation is a summary of the income that has been reported to HMRC and any tax due for that year, the Tax Year Overview verifies that the SA302 information is correct and shows what tax (or refund) is outstanding.

A quick guide to printing tax calculation documents

The quickest and easiest way to obtain a Tax Calculation (SA302) is to print a copy. You 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 4 years of Tax Calculations (SA302) from a HMRC online account.

  • Log into the HMRC online account via online.hmrc.gov.uk
  • Select 'Self Assessment' (NB. If you are registered for Self Assessment you will be automatically directed to this screen)
  • Follow the link 'View your Tax Return'
  • Follow the link 'Tax Return options'
  • Select the desired year from the drop down menu and click the 'Go' button
  • Select the 'View return' button
  • Follow the link 'View calculation'
  • Follow the link 'View and print your calculation'
  • Follow the link at the bottom of the page to 'Print your full calculation'

Printing Tax Year Overviews

  • Log into the HMRC online account via online.hmrc.gov.uk
  • Select 'Self Assessment' (NB. If you are only registered for Self Assessment you will be automatically directed to this screen)
  • Follow the link 'Self Assessment Overview'
  • Follow the link 'View account'
  • Follow the link 'Tax years'
  • Select the desired year from the drop down menu and click the 'Go' button
  • Follow the link 'Print your Tax Year Overview'

Please note: Tax Year Overviews will only be available to print 72 hours after the submission of an annual tax return.

2. Figures From Accountants

Ask your accountant for the set of accounts they have provided. Lenders may want to know if they are a Chartered or Certified accountant.