June 27th 2023.
Managing your taxes is an essential part of life and knowing your unique tax reference (UTR) is key. Your UTR is a ten-digit number assigned to you by HM Revenue and Customs and is used to identify you as a taxpayer. It contains sensitive information related to your tax affairs, so it's important to keep it secure. Without a UTR, you won't be able to submit your tax returns which could result in hefty penalties and fines.
So, how do you get a UTR? Well, most people usually receive a UTR when they register as self-employed or when they set up a limited company. You can also locate your UTR on most correspondence from HMRC. HMRC usually sends documents with your UTR on them ten days after registration.
If you're unable to find your UTR, you can check your Personal Tax Account which is available in the HMRC app. Alternatively, you can request that your UTR be sent to you by HMRC by accessing the Self Employment Helpline online, via the phone, or even on social media. Additionally, if you're seeking a Corporation Tax UTR, you can request for it to be sent to your business address online.
The HMRC app is also useful for other things like finding and saving your National Insurance Number, setting up a reminder to pay your self assessments, or go paperless. The app is available for iOS here and for Android here.
Taxes are an inescapable part of life, so it's important to know how to manage them. Knowing and keeping your UTR safe is the first step to ensuring your tax affairs are handled correctly.
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