Use For Tax Purposes
The National Insurance number is used as a reference number in the Pay As You Earn system, and also by the self-employed. It is also used in applications for Individual Savings Accounts (ISAs), to check that an individual has opened only one ISA in a tax year.
However, the NI number is not used universally as a tax identification number. Taxpayers who need to file a tax return are given a different number, a Unique Taxpayer Reference (UTR), which is used as a reference number in the self-assessment tax system.
Read more about this topic: National Insurance Number
Famous quotes containing the words tax and/or purposes:
“To tax and to please, no more than to love and to be wise, is not given to men.”
—Edmund Burke (17291797)
“Let us guard against saying that there are laws in nature. There are merely necessities: there is no one who commands, no one who obeys, no one who transgresses. Once you understand that there are no purposes, then you also understand that nothing is accidental: for it is only in a world of purposes that the word accident makes sense.”
—Friedrich Nietzsche (18441900)