What is 'unique taxpayer reference' in SAP FI - Financial Accounting?

unique taxpayer reference - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: A unique ten-digit number allocated automatically by HM Revenue and Customs HMRC when a taxpayer is set up.

unique taxpayer reference - Details

• 
  Key Concepts: 
  Unique Taxpayer Reference (UTR) is a 10-digit alphanumeric code issued by the Inland Revenue in the United Kingdom. It is used to identify taxpayers and their tax records. It is also used to identify companies and other organizations that are registered for tax purposes. 
  
  How to use it: 
  In SAP Financial Accounting, UTR is used to identify taxpayers and their tax records. It is also used to identify companies and other organizations that are registered for tax purposes. The UTR can be found in the customer master data or vendor master data. 
  
  Tips & Tricks: 
  When entering a UTR into SAP Financial Accounting, make sure to enter it correctly as it is case sensitive. Also, make sure to double check the UTR before saving it as incorrect entries can lead to incorrect tax calculations. 
  
  Related Information: 
  The UTR is also used in other countries such as Ireland, Australia, and New Zealand. In these countries, the UTR is known as a Tax File Number (TFN) or Australian Business Number (ABN).