If you are self employed and you are looking for a UTR number, you need to know that the process is not as difficult as a lot of people tend to believe. Being self employed is one of the things that many people desire. The fact that you are your own boss, that you set your own goals, and that you work for yourself, are some of the most tempting features of working for yourself. However, it is also important to note that being self employed comes with its own responsibilities. One of these responsibilities is that you have to sort your own tax matters.
The first thing that you need to do in order to get your Unique Taxpayer Reference number, as someone who is self employed, is to ensure that you get in touch with the tax office and you notify them of the fact that you are working for yourself. Once you notify them about this, they will then send you a unique 10 digit number which they will use in their correspondence to you.
How long will it take to get a UTR Number?
The whole process normally takes around four weeks, but often tax offices can have delays (especially at the end of the tax year) and because of this it can sometimes take longer. You can contact your local tax office on the phone or by post if you want to check the status of your number.
It is important to note that no matter how eager you are to get your UTR number, it is not possible to get one online or over the phone directly.You will only be able to receive the information through the mail. Although this might cause you some delay and some inconvenience, it is important to keep in mind the fact that this is actually being done for your own safety.
Once your UTR number arrives, it is important to realize that you need to keep it in a safe place. Being self employed may result in you having to give your UTR number to your accountant or other organizations which could put you in a tricky position. It is up to you to determine whether you are willing to provide your UTR number to these organizations, and remember to only give it to people you trust or who are authorised to see it.