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Tax overview / Tax calcuations not matching

AdamPD
Posts: 217 Forumite


Hi all,
I'm attempting to remortgage my property using a broker and they're trying to get me a mortgage through Natwest.
As I'm self employed, they have accepted two years of income via self assessment/accounts, but, they came back today to query why the tax overview and tax calcuations for 2018 don't match.
Sure enough, they don't, it's out by £150ish.
I submit my own tax returns via simplytax, so I double checked my figures and everything seems normal, except the HMRC's tax overview figure is £150 out.
So I checked my SA302 for 2018 and I remembered Class 2 National insurance contributions were paid monthly by direct debit at one point, then they scrapped that and added it to the yearly tax bill instead
So I deducted the £151.05 from the total tax bill and now the figures match ok.
So I assume this is an issue with Simpletax not filing the proper figure?
I'm attempting to remortgage my property using a broker and they're trying to get me a mortgage through Natwest.
As I'm self employed, they have accepted two years of income via self assessment/accounts, but, they came back today to query why the tax overview and tax calcuations for 2018 don't match.
Sure enough, they don't, it's out by £150ish.
I submit my own tax returns via simplytax, so I double checked my figures and everything seems normal, except the HMRC's tax overview figure is £150 out.
So I checked my SA302 for 2018 and I remembered Class 2 National insurance contributions were paid monthly by direct debit at one point, then they scrapped that and added it to the yearly tax bill instead
So I deducted the £151.05 from the total tax bill and now the figures match ok.
So I assume this is an issue with Simpletax not filing the proper figure?
0
Comments
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The figures have to match, all lenders will query it otherwise.
If they now match you are OK.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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