Verifying Income: Self-Employment

Self-employment

In order to verify your self-employment income you need to have been self-employed in the UK for a minimum of 6 months.

Being self-employed in the UK most likely means you fall under one of these 3 categories:
- Sole trader
- Director
- Partnership

For a sole trader we will verify your net profit before tax. For a director we will verify your salary plus dividends, and for a partner we will verify your net profit before tax plus shares. 

To verify your self-employment income you'll need to enter your income details. In order for our referencing team to verify this, you will need to provide evidence of this income by uploading one of the following documents:

SA302:

• This is a summary of the tax year
• Needs to be dated within the most recent completed financial year
• If you do your own Self-Assessment tax return, you can download your SA302 from your HMRC online account

Accountant's reference letter:

• Acceptable with a minimum of 6 months of accounts to be considered
• Must be provided on company letter-head
• Provide finalised figures and dates for the most recent completed financial year
  
• Must be signed by your accountant

Tax return (SA100):

• This must a tax return that has been fully submitted to HMRC
• Dated within the last completed financial year
• We will verify your income based on the total income before tax, as stated on the tax return

Please see here for assistance on completing the Income/Rent section of your RentPassport™.