5 Tips to Obtain a Unique Taxpayer Reference

The UTR number is also known as the corporation tax reference and is a crucial requirement by the UK government. It is a ten-digit number that is issued by the HM Revenue and Customs. The digit is assigned to individuals for self-employment, partnerships, trusts, companies, and other types of organizations. The UTR number is automatically generated for companies and organizations upon registration with the Companies House because of the automatic notification to the HMRC. The sole purpose is to identify the taxpayers within the system. Here are a few pointers that will provide a better understanding of obtaining the number:

1) Purpose

As highlighted by QuickRebates, the UTR number is an essential requirement by the government when individuals, companies, and organizations are filing returns. Some employers also request for the number during employment. For a self-employment setting, Unique Taxpayer Reference may be required by the people you are doing business with, other than filing your returns. In such a case, gauge your relationship with them to ensure that they are trustworthy.

2) Registration Mediums

Three alternative registration mediums are depending on their effectiveness. You can opt to use their online website provisions to apply directly to the HMRC. They will generate a notification with a ref number and later send your unique taxpayer reference via email or mail. The second option is application via telephone. You can call HMRC’s customer service during the working hours to request for registration. Both online and phone mediums only take a short while. The last alternative is downloading the online form, filing it and sending it to their office via mail.

3) Period Of Receipt

Despite the automatic registration, the receipt of the Unique Taxpayer Reference may take up to 4 or 6 weeks to reach you. The HMRC sends it via email or mail. However, they will notify you that they got your request and that they are working on it. The delay is caused by the busy schedule, workload, and interruptions while sending by mail. The HMRC works towards ensuring that you get the taxpayer reference number in time to file your returns.

4) Accessibility

In case you forget your UTR number, you can find it on the previous tax returns and documents such as payment reminders and notices to file returns. Alternatively, you can reach out to self-assessment helpline. If you have not registered for self-assessment with HMRC, the application will automatically generate the ref number, and it will be featured on the document sent to you.

5) Confidentiality

Similar to any other government code assigned to residents for various uses, privacy is essential. You need to protect your taxpayer reference number from getting into the wrong hands. Safety measures ensure that your number is not used for any fraudulent activities that may get you on the wrong side of the government or HMRC. It is essential to assess the need for various parties to request for the code, especially if it is the first time you are doing business with them.

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