How do I get my company’s unique tax reference?
Your company’s unique tax reference (UTR) will be issued by HMRC and delivered to your registered office shortly after company formation.
When you form a limited company, HMRC will be notified by Companies House. They will issue a unique tax reference (UTR), so there is no need to apply for a UTR number during or after company formation.
HMRC will enter your firm’s details onto their database and send a letter to your registered office. This will contain your company’s tax unique reference. It is a 10-digit number sometimes referred to as a ‘corporation tax reference’.
Where to find your unique tax reference
The unique tax reference will be printed next to a heading like ‘Official Use’, Tax reference’ or ‘UTR’. You will also find it on most other forms of statutory communication from HMRC, including the Notice to Deliver a Company Tax Return. Please do not confuse your Company UTR with the personal UTR issued to individuals upon registering for Self-Assessment.
The purpose of your unique tax reference
The UTR is an extremely important number because you will require using it to register for corporation tax, file Company Tax Returns and pay corporation tax online. The initial letter that contains your UTR will explain your tax obligations and the information you have to submit when you begin trading.
Company information required by HMRC
Within 3 months of carrying on any kind of business activity or receiving any form of income, you must register with HMRC as ‘active’ for corporation tax purposes. At this time, you should provide the following information for HMRC:
- Company name and registration number (CRN).
- Start date of trading activities – this will determine the start date of your first corporation tax accounting period.
- Principal address where business activities are carried out – this may or may not be your registered office address.
- Principal business activities – you will require a SIC code for this part.
- Date you will make your annual accounts up to – this is known as the ‘accounting reference date’ (ARD), and it will likely fall on the anniversary of the last day of the month of company formation.
- Notification if you have taken over an existing business or are part of a group.
- Details of all directors – full name, home address, NI number.
- Notification of appointing an agent (accountant or tax advisor) to deal with your tax affairs, if applicable.
Shortly after submitting this information, HMRC will send another letter to your registered office confirming the deadlines for paying corporation tax and delivering tax returns. Generally, corporation tax should be paid electronically within 9 months and 1 day after the end of each accounting period; tax returns should be filed online within 12 months after the end of each accounting period. Remember, you will need your UTR to complete these tasks.By Rachel Craig at Rapid Formations – Follow Rachel on Google +