Hello all!
My clients' Limited company is winding up. One partner is now working as a sole trader. The accountant says he doesn't need to regsiter as self-employed, he can use the UTR he already has. Is this correct?
Many thanks and best wishes :)
Quote "A UTR number is your ‘unique taxpayer reference number. HMRC assigns each self-assessment taxpayer a different number in order to track their tax records. All UTR numbers have 10 digits, and sometimes there's a letter 'K' at the end. Once you get your UTR number it stays with you all your life - in the same way as your National Insurance number.Read more: https://www.which.co.uk/money/tax/income-tax/self-assessment-tax-return/what-is-a-utr-number-ajzuf3j3x3z2 - Which?
He can use his own personal UTR but he will still need to register for self assessment
Thanks Terry, that's exactly what I thought! I appreciate your feedback. Best wishes :)
