UTR for investors
As an investor, it is important to stay on top of your tax obligations to avoid penalties from HMRC. This means submitting any required tax returns on time. To do this, you need a UTR number.
What is a UTR number?
A Unique Taxpayer Reference (UTR) number is a 10-digit code used by HMRC to identify companies and individuals for tax purposes. It serves as a way for HMRC to track your tax obligations and ensure that your records match your payments. Your UTR number stays with you for life and does not change.
Do I Need a UTR Number?
If you earn above £1000 as an investor and need to submit a Self Assessment tax return, you will need a UTR number. A Self Assessment and therefore UTR number may also be required by people who owe tax on savings interest, dividends, or Capital Gains. An Employee that earns more than £100,000 a year will also need a UTR number.
How Do I Get a UTR Number?
If you are a Self-employed investor, you will need to self-register for a UTR number. There are two ways to do this: through apps like Earnr or through HMRC. If you choose to apply through HMRC, you can do so online, over the phone, or by post. It can take up to 10 days to receive your UTR number by post or if you're working abroad, it can take up to 21 days to receive your number.
How Can I Find My UTR Number?
If you are unsure whether you have a UTR number, you can contact HMRC on 0300 200 3310. You can also contact them if you have lost the number.
You can also check your Government Gateway portal or any correspondence you've received from HMRC.