TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Update – loan and mortgage documents

In HMRC’s last communication readers heard about its work with Council of Mortgage Lenders which is intended to improve online documents.

In particular changes have been made to the tax calculation (SA302) and tax year overview so that lenders can consider accepting them as evidence of income returned to HMRC for loan/mortgage purposes. For guidance on this, see pages 11 & 12 of Agent Update 48.

The new process is still embedding with lenders. HMRC have now provided a list of lenders that have told HMRC they are now operating the new process. The list, as at 3 September 2015, is as follows:

Aldermore

Bank of Ireland

Bank of Scotland

Barclays

Birmingham Midshires

Britannia

Cheltenham & Gloucester

Cheshire Mortgage Corporation

Co-operative Bank

Coventry BS

Danske Bank

Ecology BS

GE Money Home Lending

Godiva Mortgages Ltd

Holmesdale BS

Halifax

Kensington Mortgages

Lloyds Bank

Mortgages PLC

National Westminster Bank

Nationwide BS

Nottingham BS

Platform

Post Office Ltd

Precise Mortgages

Royal Bank Of Scotland

Saffron BS

Santander

Scottish BS

Scottish Widows

TSB

Wave Lending

Woolwich

Please note this list is not a statement of a lender’s lending policy. You should always refer to the lender for confirmation of its lending policy at the time. HMRC emphasises you should always check which documents the lender requires before advising clients or obtaining the necessary documentation your client’s behalf.