IET logo
 
IET
Decrease font size
Increase font size
Topic Title: UTR Number
Topic Summary: For LTD company.
Created On: 07 July 2013 08:47 PM
Status: Post and Reply
Linear : Threading : Single : Branch
Search Topic Search Topic
Topic Tools Topic Tools
View similar topics View similar topics
View topic in raw text format. Print this topic.
 07 July 2013 08:47 PM
User is offline View Users Profile Print this message



Ampman

Posts: 1004
Joined: 06 February 2006

Evening ,

Ive been doing work for a property company & there accounts have tried to verify me , i gave them my LTD companies tax number .

But they came back saying they nee a UTR number , so i rang HMRC who have then sent me a personal UTR number & a self assesment form saying they want a tax return on it ?

Im confused as im paying myself through the PAYE system etc...

I dont want to do self assesment .

How do other LTD companies get paid from builders etc ...

Or have HMRC done right ?

So confused I will ask an accountant but would like you guys input

cheers
 07 July 2013 08:56 PM
User is offline View Users Profile Print this message


Avatar for slittle.
slittle

Posts: 3484
Joined: 22 November 2007

Have you registered the company as a "sub contractor" with HMRC ?

We went through this a little while ago when we changed from a partnership to a ltd company. We thought we'd registered everything until someone tried to pay us....

A phone call to HMRC confirmed although we had registered for CIS as a contractor (ie employer of subcontractors) we hadn't managed to register as a subcontractor as well.

Now all sorted and seems to work ok for the few jobs we do that way.

Stu
 07 July 2013 09:30 PM
User is offline View Users Profile Print this message



Ampman

Posts: 1004
Joined: 06 February 2006

No i dont think so , i will ring tommorow,

Plus as them what to do about this self assesment ?

Pain in the back side cos ringing them is a mine field .
 07 July 2013 09:33 PM
User is offline View Users Profile Print this message


Avatar for slittle.
slittle

Posts: 3484
Joined: 22 November 2007

I avoid ringing them at all costs, the wife runs our office and she speaks their lingo thankfully.

Looks like they've registered you as self employed and a subbie rather than the company, good luck with sorting that one out !


Stu
 07 July 2013 09:37 PM
User is offline View Users Profile Print this message



impvan

Posts: 752
Joined: 07 September 2005

The property co has slipped up.

Why should they need Ampman's tax details - it's not Ampman working for them, it's AmpmanLimited. You've given them the Company Number, that's enough.

As for the taxman, he will want to see what Ampman 'the person' is getting paid from AmpmanLimited 'the body-less entity'.
 07 July 2013 09:39 PM
User is offline View Users Profile Print this message


Avatar for colinhaggett.
colinhaggett

Posts: 362
Joined: 08 July 2004

Originally posted by: Ampman Evening , Ive been doing work for a property company & there accounts have tried to verify me , i gave them my LTD companies tax number . But they came back saying they nee a UTR number , so i rang HMRC who have then sent me a personal UTR number & a self assesment form saying they want a tax return on it ? Im confused as im paying myself through the PAYE system etc... I dont want to do self assesment . How do other LTD companies get paid from builders etc ... Or have HMRC done right ? So confused I will ask an accountant but would like you guys input cheers
Think your find if your a company director your need to fill in a self assessment form.
 07 July 2013 09:53 PM
User is offline View Users Profile Print this message



peteTLM

Posts: 3141
Joined: 31 March 2005

You only give customers your companies UTR number, never your personal one. Your personal one is only for you to be paid by your Ltd company. Your companies UTR deals with all the company affairs.

As a limited company, you and your company are completely different legal entities, and you should always be aware from which side of the line you are talking, making decisions etc etc.

As others have said, as a director you must do a self assessment, but all the information is given to you by the companies filed accounts (assuming you dont own other companies, live abroad etc or other complicated matters), and its possible to do the thing in 5 minutes flat.

-------------------------
----------------------------------------
Lack of planning on your part doesn't make it an emergency on mine....

Every man has to know his limitations- Dirty Harry
 07 July 2013 11:26 PM
User is offline View Users Profile Print this message



Zs

Posts: 2853
Joined: 20 July 2006

Ampman,

The UTR is for the Ltd company and you must be registered for CIS as mentioned. It can be done on the phone and isn't too much of a trawl.

When you file your accounts as the Ltd Company your accountant will send you a P60 just like any ordinary employee gets. the P60 is related to your personal tax (usually just the basic wage up to the tax limit so no personal tax to pay) any other profits are company profits and are subject to corporation tax. Of course, you still have to pay the corporation tax bill yourself if you own the Ltd company.

Give the CIS people a ring, I got caught out by this a little while back. My hackles went up when I was asked for my UTR and I felt it was too invasive for some jack-the-lad builder to be asking for my personal tax details. The paying company will deduct tax and send you a certificate at the end of the month and that goes against your proper tax bill so it's ok. However, Inspection and Testing services should not be subject to a CIS deduction so watch out for that. CIS is for construction stuff. I was deducted even though it was I&T but decided to let it go until the end of my tax year just to avoid the hassle. It all came out in the wash and was properly balanced.

Zs
 08 July 2013 12:51 PM
User is offline View Users Profile Print this message



aligarjon

Posts: 2817
Joined: 09 September 2005

I have also just been asked for a UTR no. is that the number on my CIS card then ? i'm just a sole trader, not ltd or anything .

Cheers. Gary

-------------------------
Specialised Subject. The Bleedin Obvious. John Cleese
 08 July 2013 02:19 PM
User is offline View Users Profile Print this message


Avatar for rocknroll.
rocknroll

Posts: 8837
Joined: 03 October 2005

UTR or (unique taxpayer reference) is a 10 digit number that is issued to individual, partnership or company it is also referred to as a 'tax reference' if you have registered and use the online service it can be found there.

For an individual it should be on your,
SAE 100 self assessment return
SA316 notice to complete a tax return
Statement of account

For a partnership it should be found on your partnership tax return

For a company it should be found on your CT603 company tax return

If you contact HMRC with your NI number they should be able to furnish you with your UTR generally access to online services will fail without your UTR.

regards

-------------------------
"Take nothing but a picture,
leave nothing but footprints!"
-------------------------
"Oh! The drama of it all."
-------------------------
"You can throw all the philosophy you like at the problem, but at the end of the day it's just basic electrical theory!"
-------------------------
 08 July 2013 06:41 PM
User is offline View Users Profile Print this message



peteTLM

Posts: 3141
Joined: 31 March 2005

Originally posted by: aligarjon

I have also just been asked for a UTR no. is that the number on my CIS card then ? i'm just a sole trader, not ltd or anything .



Cheers. Gary


Sole trader you just have the 1 number to do everything.

Regards,
P

-------------------------
----------------------------------------
Lack of planning on your part doesn't make it an emergency on mine....

Every man has to know his limitations- Dirty Harry
 08 July 2013 08:12 PM
User is offline View Users Profile Print this message



Ampman

Posts: 1004
Joined: 06 February 2006

All sorted ,


Rang CIS help line & registered the ltd company as a sub contractor .

I still need to fill in self assessment form as well as a director .

More paper work



Thanks to all again
 09 July 2013 07:35 AM
User is offline View Users Profile Print this message



aligarjon

Posts: 2817
Joined: 09 September 2005

Originally posted by: peteTLM

Originally posted by: aligarjon



I have also just been asked for a UTR no. is that the number on my CIS card then ? i'm just a sole trader, not ltd or anything .







Cheers. Gary




Sole trader you just have the 1 number to do everything.



Regards,

P




Thanks Pete

Gary

-------------------------
Specialised Subject. The Bleedin Obvious. John Cleese
Statistics

See Also:



FuseTalk Standard Edition v3.2 - © 1999-2014 FuseTalk Inc. All rights reserved.