What is a UTR?
A UTR helps HMRC identify and process tax returns against the correct taxpayer’s records.
If you have income outside of PAYE or own a business and don’t act compliantly when it comes to your Self-Assessment tax return, you could face criminal prosecution.
Who uses them?
Any individual with self-employed income or income from rental property probably forms the biggest group that will need a UTR.
These individuals will need to perform a Self-Assessment tax return. For other taxpayers, it may also be relevant when registering for the Construction Industry Scheme or working with an accountant.
How can I get one?
As you won’t receive a UTR number unless you’re registered as either self-employed or a new business, you’ll need to do so on HMRC’s website. Alternatively, you can call them on 0300 200 3310. There is no cost to doing either.
Be careful if you have already started trading. HMRC expects you to register within no more than three months of the end of your first month in business. They will consider strict penalties if you fail to do so.
To avoid such fines, register as soon as you can with all the below information to hand:
- Full name
- Date of birth
- Email address
- Home address
- Phone number
- National Insurance number
- The date you started self-employment
Double-check that you have fully completed the process if you’re still waiting on your UTR following registration.
What if I’m already registered?
You should already have a UTR code somewhere. If you’ve misplaced it, start by checking any correspondence that you may have received from HMRC. All previous tax returns will reference it, along with any notices you may have had to file a return, payment reminders or statements of account.
In addition, your HMRC online account will also display the code, provided you can access it. If none of these options prove fruitful, contact the Self-Assessment helpline.
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Note: The PDPLA have no experience of GoSimple and are not endorsing the package – this article is included simply to provide some simple and clear guidance on the role and acquisition of UTR’s. We recommend you subscribe to our own tax guidance portal of the latest on the digitisation of taxation for landlords, at www.landlordmtd.com