Struggling to know what is a unique taxpayer reference (UTR) number? Who needs this number? What it is for and how can you get it from HMRC? We have answers for all in this quick read.
What is a Unique Taxpayer Reference (UTR) Number?
A Unique Taxpayer Reference, also known as a UTR number is a 10-digit number/code that HMRC uses to find out each self-assessment taxpayer and company to keep track of their taxes. And, HMRC issues this number to the UK residents who complete a tax self-assessment. Like your National Insurance number, this number remains the same for all your life.
Whether you’re self-employed, a sole trader or a limited company owner, you should know about your unique taxpayer reference number (UTR).
Who needs a UTR number from HMRC?
You should have this number at the time of submitting a tax return. You’ll be provided with a UTR number if you’re a self-employed or limited company owner owing tax on savings, capital gains, dividends or, or if your earning is above £100,000. There’re many instances where you need to submit a tax return.
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The Process to Get UTR Number from HMRC
Remember that you’re not given a UTR number until you register for a self-assessment. And, you can get a UTR number by following this process:
- Register for self-assessment online: While submitting your tax returns for the first time, after starting a new business, you must register for self-assessment. You can also register online on the HMRC website. If you’re not self-employed, you can use form SA1 to register for self-assessment. After doing it, HMRC will automatically assign you a UTR number, which will be sent to you through the post around 10 days after registration.
- Apply via Phone: You can make a call to HMRC on 0300 200 3310 to know your UTR number. And, you should provide some details to HMRC so that they may provide you with the number or direct you to apply online.
- Apply via Post: You can write to HMRC requesting this number. In this case, you need to know that it may take a lot of time as some letters are likely to be returned asking for the information.
What information do you need to provide to get the UTR number?
To get the UTR number, you first need to register for self-assessment and for this you need to provide the following details:
- Your full name
- Current address
- Date of birth
- Phone number
- Email address
- National Insurance number
If you are a business owner, you may need:
- The date you start your self-employment
- Type of business
- Business address
- Business phone number
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How to request a company UTR?
When you register your business at Companies House, you can request your Corporation tax UTR online. For it, you have to provide your registered company name along with its registration number. After completing the form, you can get your company UTR by post to your business address.
What if I lost my UTR Number?
If you have got your UTR number but you don’t know it. For this reason, you can contact HMRC’s self-assessment helpline (0300 200 3310). Besides, to get your UTR number, you may need to provide your National Insurance number. Remember that if you submit your tax returns without having this code, HMRC may levy a fine as it’ll not be able to match your return to its records before the submission deadline.
So, that a quick overview of the UTR number. After reading this post, we hope that you are well informed about what is a unique taxpayer reference (UTR) number, who needs it, what it is for and how can you get it and how to find it if it’s lost. Once you receive your UTR number, it’s for your whole life. If you lose it you can contact HMRC for getting one.
If you need help regarding accounts and taxes, Cheap accountants in London are here to assist you. We’d love to hear your queries and provide you with expert financial advice to save you from extra taxes.
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Disclaimer: This blog is intended for the general understanding of the Unique Taxpayer Reference.