What is 'unique taxpayer reference' in SAP SBO - SAP Business One?

unique taxpayer reference - Overview

• Component: SBO

• Component Name: SAP Business One

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

unique taxpayer reference - Details

• 
  Key Concepts: 
  Unique Taxpayer Reference (UTR) is a 10-digit code assigned to each taxpayer by the Inland Revenue in the United Kingdom. It is used to identify taxpayers and their tax records. It is also used to identify taxpayers when dealing with other government departments and agencies.
  
  How to use it: 
  In SAP Business One, UTR is used to identify taxpayers when creating customer and vendor master data records. It is also used to identify taxpayers when creating sales and purchase documents. Additionally, UTR can be used to track payments made by customers and vendors.
  
  Tips & Tricks: 
  When entering UTR into SAP Business One, make sure that the code is entered correctly as it cannot be changed once it has been saved. Additionally, make sure that the UTR is up-to-date as it may change over time.
  
  Related Information: 
  For more information on UTR, please refer to the Inland Revenue website or contact your local tax office. Additionally, you can find more information on how to use UTR in SAP Business One in the official SAP documentation.