IFM08440 | Co-ownership Authorised Contractual Schemes (CoACS): Unique Taxpayer Reference (UTR)

A CoACS is not a legal person: it is not within the charge to direct taxes and it is not required to complete a tax return.

However, for practical reasons HMRC will provide any CoACS with a UTR on request. This is not mandatory but it is helpful to both CoACS and HMRC if the CoACS has a unique tax identity. One specific benefit is where a CoACS has invested in a fund which is a partnership: the UTR of the CoACS can be included on the partnership tax return.

A CoACS can apply on the CISC 10 form, making it clear that the request is for a CoACS, and email the request to the Collective Investment Schemes Centre.