Jefferies Newsletter October 2017

SA302 Madness

In order to get a mortgage, brokers and lenders ask employees for payslips and P60’s and for business owners they ask for SA302’s and Tax Overviews (often lenders also want an accountants certificate to certify the clients trading results).

The SA302 shows:

  • Pay from all employments
  • Profits from self employments
  • Property Profits
  • Dividends
  • Tax and National Insurance due

You can get copies of SA302’s from HMRC https://www.gov.uk/sa302-taxcalculation

Oops! HMRC software not working

We have an extremely complicated tax system, so is it any wonder that even HMRC struggle to calculate your tax correctly!

Many tax payers will be working on their 2016/17 returns (to 5th April 2017 due by 31st January 2018) over the coming months and find that they can’t use the HMRC software because it doesn’t work properly.

Also in this newsletter

  • Christmas will be here in a flash are you ready for Black Friday and Cyber Monday
  • Trivial Benefits are great for Christmas.

Download your copy of our October 2017 here.