Many mortgage lenders are now accepting two documents that can be downloaded from your HMRC Online account for the purposes of confirming your earnings.  These documents are your Tax Calculation and Tax Overview and may be referred to as SA302 (which is a formal letter sent from HMRCs summarising your total earnings and income tax payable for a particular tax year).

HMRC Tax Calculation

As part of the mortgage process, you need to disclose your income which governs how much you can borrow.  The HMRC Tax Calculation is a summary of your income and the amount of tax you have to pay for a particular tax year.  The figures are taken from your submitted tax return and is therefore evidence for the mortgage lender that you have correctly disclosed your income.  You can download your HMRC Tax Calculation as follows:

  1. Login into your HMRC personal tax account
  2. Select Tax Return Options on the left hand menu
  3. Select the Tax Year from the drop down menu
  4. Select View Return
  5. Select View Your Calculation on the left hand menu
  6. Click ‘View and Print Your Calculation’

View a sample HMRC Tax Calculation HERE

HMRC Tax Overview

Your HMRC Tax Overview is a separate document to your Tax Calculation and it simply summarises the amount of tax you owe for a particular tax year and how much of this you have paid.  You can download your HMRC Tax Overview:

  1. Login into your HMRC personal tax account
  2. Select View Account on the left hand menu
  3. Select Tax Years on the left hand menu
  4. Choose the required Tax Year from the drop down menu and hit Go
  5. Click ‘Print Your Tax Year Overview’

View a Sample HMRC Tax Overview HERE

You should be aware that each tax calculation and overview is for one particular tax year, so if your application requires evidence going back 3 years, for example, you would need to print 3 tax calculations and 3 tax overviews.

Related:

What Is An SA302?

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