Jointly assessed for tax but mortgage lender wants Form 11s/Chapter 4 in separate names

[LLB123]

As above, my wife and I recently applied for a mortgage and our broker has said that any lender will required Form 11/Notice of Taxation in both our names (we are both self-employed directors of the same company). However this does not seem straightforward since we are jointly assessed: I am listed as the assessable person and my wife is named as my spouse on all documentation.
Will this require us to completely change our tax status, as I don't know how else we can get documentation in both names separately?

Would it be a standard request for mortgage lending these days as it's some time since we've had to borrow, and I did not expect that we'd be required to change things at such a level.

 

[mustang01]

I’d imagine you’ll need to provide the details as requested if thats a requirement. Maybe ask revenue to issue in both names?

 

[T McGibney]

I’d imagine you’ll need to provide the details as requested if thats a requirement. Maybe ask revenue to issue in both names?

You answered this and potentially misled someone without having a clue what you're talking about.

If you're jointly assessed for a given tax year you can't just pretend after the fact that you're not. And Revenue are most certainly not going to break their own mission-critical protocols (See the Gilligan case) to pander to a stupid request from a moron broker who doesn't know what they're at.

OP, hire a different broker. The one you're with is an amateur.

 

[mustang01]

Sorry, I truly didn’t intend to mislead, simply made a suggestion - figured it must be a routine enough thing if a lender required it?

 

[T McGibney]

Sorry, I truly didn’t intend to mislead, simply made a suggestion - figured it must be a routine enough thing if a lender required it?

It's OK, we all make mistakes. Note the lender didn't require it. The broker said that any lender would.

 

[LLB123]

You answered this and potentially misled someone without having a clue what you're talking about.

If you're jointly assessed for a given tax year you can't just pretend after the fact that you're not. And Revenue are most certainly not going to break their own mission-critical protocols (See the Gilligan case) to pander to a stupid request from a moron broker who doesn't know what they're at.

OP, hire a different broker. The one you're with is an amateur.

Thank you for reply, so this is not a routine requirement then? Broker seems adamant that lender won't touch an application without Form 11/Chapter 4s in each of our names going back three years.
Which is impossible since as you say we have been jointly assessed all along. I tried to get in touch with someone at Revenue for advice but a a real live person to talk to is like trying to find hen's teeth.

 

[T McGibney]

Thank you for reply, so this is not a routine requirement then? Broker seems adamant that lender won't touch an application without Form 11/Chapter 4s in each of our names going back three years.

No, it's most certainly not a routine requirement. It can't be done. Your broker is wrong. (By the way, it's called a Notice of Self Assessment. Only brokers and bank people talk about Chapter 4's because that for some reason appears as part of the heading on each such Notice. A Revenue person mightn't know what a Chapter 4 is.)

Which is impossible since as you say we have been jointly assessed all along.

It is impossible. And you're wise to be jointly assessed.

I tried to get in touch with someone at Revenue for advice but a a real live person to talk to is like trying to find hen's teeth.

If you're registered for MyAccount, try sending a query to them on MyEnquiries.

Good luck with it.

 

[Sophrosyne]

Which is impossible since as you say we have been jointly assessed all along. I tried to get in touch with someone at Revenue for advice but a a real live person to talk to is like trying to find hen's teeth.

Most banks have information on the supporting documentation required for mortgage application on their websites. Check them first.

They require proof of income. From Revenue and this is either a P60 (now called an Employment Detail Summary) from both spouses or a Notice of Assessment, which, of course, shows the income of both spouses.

Perhaps this is what your broker meant, i.e., that the Notices of Assessment should show the income of both spouses and not that both spouses need separate Notices of Assessment.

 

[LLB123]

Most banks have information on the supporting documentation required for mortgage application on their websites. Check them first.

They require proof of income. From Revenue and this is either a P60 (now called an Employment Detail Summary) from both spouses or a Notice of Assessment, which, of course, shows the income of both spouses.

Perhaps this is what your broker meant, i.e., that the Notices of Assessment should show the income of both spouses and not that both spouses need separate Notices of Assessment.

I understand but my wife is named as spouse in our joint Form11 submission and any corresponding Notice of Assessment is issued in my name as the assessable person. I truly have no idea how I can produce one of these in my wife's name.

 

[T McGibney]

I understand but my wife is named as spouse in our joint Form11 submission and any corresponding Notice of Assessment is issued in my name as the assessable person. I truly have no idea how I can produce one of these in my wife's name.

If you go into ROS and click on the Create a Summary of Your Pay and Tax Details link it should allow you to create an Employment Detail Summary) for each of you.

 

[Sophrosyne]

Since you are jointly assessed, the Notice of Assessment will show your income and your wife's income separately.
That is all a bank requires.
It does not require separate Notices of Assessment.

 

[LLB123]

If you go into ROS and click on the Create a Summary of Your Pay and Tax Details link it should allow you to create an Employment Detail Summary) for each of you.

Unfortunately my accountant who's currently on holidays, holds our ROS access and it seems the system allows only one person to access - unless I'm mistaken? But good to know that it may be possible to provide what they're asking.

 

[T McGibney]

Unfortunately my accountant who's currently on holidays, holds our ROS access and it seems the system allows only one person to access - unless I'm mistaken? But good to know that it may be possible to provide what they're asking.

You and one agent can each have access to ROS. So if you go through the motions of registering for it now, you won't affect their access.

 

[LLB123]

Just following up on this - I've registered with RoS as advised and this is the notice I get when I try to Create a Summary of Pay & Tax Details as above.
'You cannot proceed as our records indicate that you (and/or your spouse/civil partner, if applicable) were a Proprietary Director during the year. You should register for Income Tax and submit a Form 11 tax return using ROS. If this is incorrect, you should advise Revenue using MyEnquiries.'
We do submit Form 11 returns ordinarily so I'm still unsure what needs to happen in this regard?

 

[T McGibney]

Just following up on this - I've registered with RoS as advised and this is the notice I get when I try to Create a Summary of Pay & Tax Details as above.
'You cannot proceed as our records indicate that you (and/or your spouse/civil partner, if applicable) were a Proprietary Director during the year. You should register for Income Tax and submit a Form 11 tax return using ROS. If this is incorrect, you should advise Revenue using MyEnquiries.'
We do submit Form 11 returns ordinarily so I'm still unsure what needs to happen in this regard?

Get your accountant on the case.