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Our video on the information you'll receive when registering as a sole trader

Starting up your own business as a sole trader is an exciting moment. When it’s time for you to register for Self Assessment, you’ll receive all sorts of reference numbers and codes which relate to your business, such as a UTR number.

This information helps HMRC identify your sole trader tax records correctly, so it’s important to keep them safe – it will help you pay tax correctly without any costly delays!

Watch our short video to find out more about the reference numbers and codes relating to your sole trader business.

Reference Numbers and Codes for Sole Traders and Partnerships

To help you keep track of which reference numbers and information you need as a sole trader, our video tutorial is also available as a guide!

Download our quick guide, or learn more about our online accounting services for sole traders.

Download

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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

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