Mortgage for Unprovable Income

SeduLOUs

leveller2911 wrote: »

I find it hard to believe that HMRC haven't been chasing the OP for the self assessments. When a person submits a SA one year and doesn't file one the following year it gets flagged up on the system.

Something not right imo.........

I suspect he has never bothered. If you can understand how to do one, why would you miss the others? I doubt he's paying Class 2 NICs either because that would be a dead giveaway...

Either that or his first one he bothered to do was lat year so no 'gap'.

Are Paypal included in the companies who have to declare to HMRC anyone they have made payments of £1000+ in any financial year?

The only safe thing to do is to come clean sooner rather than later. Submitting bits at a time over the next 12 months will just raise more suspicion and HMRC can go back 7 years. If he doesn't provide suitable evidence of income they will look at lifestyle/savings/available statements and make a fairly generous guess to bill for the tax.

drum-uk

barba wrote: »

The OP's IP address has been noted and recorded.

It won't help you, but anyway I have come on here to look for advise to sort this mess out, I admit I've made mistakes, and this year coming I fully intend to turn over a new leaf, and get my !!!! in gear to sort things out. Yes my motivation in doing this is to hopefully get a mortgage, but in reality does it matter aslong as I do the right thing.

SeduLOUs

drum-uk wrote: »

It won't help you, but anyway I have come on here to look for advise to sort this mess out, I admit I've made mistakes, and this year coming I fully intend to turn over a new leaf, and get my !!!! in gear to sort things out. Yes my motivation in doing this is to hopefully get a mortgage, but in reality does it matter aslong as I do the right thing.

Well, really, you came on looking for how to get a mortgage. It 'came out in the wash' that you have been failing to submit tax returns, so it doesn't appear to me that your original intentions were to sort the mess out!

I think it would be morally disgusting of you to buy a home with money that you have fraudulent gained through tax evasion. You would be much better off using some or all of those savings to negotiate a settlement with HMRC to give you a real 'fresh start' instead of a backlog of paperwork and accountancy bills.

I do hope you are now genuine and intend to get your bottom in gear and sort it all out. On that basis I wish you the best of luck in getting your mortgage the 'right' way at some point in the New Year. :beer:

leveller2911

drum-uk wrote: »

in reality does it matter aslong as I do the right thing.

It will matter to you , but personally I don't give too hoots apart from the fact that there are 4,600,000 people in the UK who are self employed.If we all adopted your attitude there wouldn't be an NHS,Benefits sytem,Police,roads etc................

Jhoney_2

drum-uk wrote: »

Ok I'm looking to get onto the property ladder over the next 12 months, however despite been nearly 40, I have never had a "proper job" I make what I consider a reasonable income, and am well on the way to having a decent deposit. Saving regularly, and keeping up with bills, rent etc.

However my income isn't "regular", I don't have pay slips etc.

So on the assumption that I know I'm not likely to buy a house in the short term, but would like to start preparing\making my case more appealing. Firstly how can I improve my case over the next 12 months or so, and secondly are there any alternatives to the standard banks\building societies which might entertain me as a house buyer. Such as crowd-funding??

Then..

It won't help you, but anyway I have come on here to look for advise to sort this mess out

Not true. You did not ask for tax help, you are asking for ways to build a borrowing case to a mortgage lender, around the fact that you want a mortgage and haven't been filing tax returns, whilst making an irregular income. Stop kidding yourself - we hear you loud and clear.

What you do next is up to you, but likely to be immoral and probably illegal - which you already know.

drum-uk

leveller2911 wrote: »

If we all adopted your attitude there wouldn't be an NHS,Benefits sytem,Police,roads etc................

Sometimes to further ourselves, and further society itself we need to bend the rules, if entrepreneurs and inventors never bent the rules, we would still be in the stone ages.

SeduLOUs

drum-uk wrote: »

Sometimes to further ourselves, and further society itself we need to bend the rules, if entrepreneurs and inventors never bent the rules, we would still be in the stone ages.

There's bending the rules, and then there's tax dodging.

Please explain to me how you not paying your share of income tax is a benefit to society. Based on this ridiculous post, I revoke my previous statement wishing you luck, and sincerely hope your tax bill eats all of your savings and then some.

Just waiting now to find out you've been claiming benefits the whole time aswell.

drum-uk

All I can say is that most of you have made a lot of assumptions about my income that are on the most part wrong. I didn't come on here to be judged, yes I have made mistakes, and yes I am trying to sort them in my own way.

To those of you that have made helpful and relevant comments, Thank You it is much appreciated, I am probably in a better position than I thought from a proving my income point of view. Yes I probably have some things to sort with the HMRC, which will nodoubt strength my case.

To the rest of you, I suggest you don't judge without knowing the facts, which I am not prepared to discuss on here.

Jhoney_2

SeduLOUs wrote: »

There's bending the rules, and then there's tax dodging.

Please explain to me how you not paying your share of income tax is a benefit to society. Based on this ridiculous post, I revoke my previous statement wishing you luck, and sincerely hope your tax bill eats all of your savings and then some.

Just waiting now to find out you've been claiming benefits the whole time aswell.

:rotfl::rotfl::rotfl::rotfl::rotfl::T

Thanks for that!

mrginge

Where does your income actually come from?