Unique Taxpayer Reference (UTR) Number
What is a UTR?
A Unique Taxpayer Reference (UTR) is a 10-digit number assigned by HM Revenue and Customs (HMRC) to individuals and entities in the UK for tax purposes. It serves as a unique identifier for each taxpayer, facilitating efficient communication and record-keeping between taxpayers and HMRC.
Why Do You Need a UTR?
Tax Obligations: Whether you’re self-employed, a company director, or a trustee, you’ll need a UTR to fulfil your tax obligations. This includes filing tax returns, paying income tax, National Insurance contributions, and other relevant taxes.
Interaction with HMRC: Your UTR is your gateway to interacting with HMRC. From registering for self-assessment to updating personal details and accessing online services, your UTR is crucial for maintaining compliance and managing your tax affairs.
Identity Verification: A UTR verifies your identity when conducting tax-related transactions or correspondence with HMRC. It ensures that your tax records are accurately attributed to you or your business.