UTR – is a Unique Taxpayer Reference number.
Under UK law many companies and individuals need a UTR number.
If you are not employed and you don’t have a UTR number, it means that you:
- Work without confirming your work experience (that is obligatory to calculate your retirement benefits)
- You won’t be able to apply for child benefit, housing and other benefits
- You break the UK laws
Check who needs a UTR number:
- Self-employed persons
- Sole traders
- Workers registered under the Construction Industry Scheme
- Limited company directors
- Individuals with a gross annual income of £100,000 or more
- Anyone who receives untaxed income, incl. interest, that cannot be collected via PAYE
- Partnerships, including Limited Liability Partnerships (LLPs)
- Partners in business partnerships, including LLP members
- Individuals who receive regular annual income from a settlement or trust
- Investors
- Trustees and executors of estates
- Limited company shareholders who receive income from shares
- UK residents with taxable foreign income above £300 a year
- Landlords and any other persons receiving rental income
- Anyone who claims expenses of £2,500 or more
- Persons in receipt of certain capital gains
- Recipients of Child Benefit payments who have an annual income above £50,000
- Companies limited by shares
- Companies limited by guarantee
- Charities and trusts
If you have any questions regarding:
- Registering a UTR number
- Registering as self-employed
- Registering an LTD
- Self-assessment
- Tax payments and accounting
- Confirming your work experience
- State pension
- Applying for social benefits such as maternity, child benefits, universal credit etc
- Fine cancellation
- Immigration / pre-settled / settled status
Contact our consultants and get you free consultation!
To get a free consultation from our specialist, book it on our website or call your nearest office.
