In reply to Lankyman:
As Rodger Martin said, identification for inspections. It's unlikely that a tree in open pasture land would have a TPO, they have a more urban application. All landowners have a responsibility to keep there trees in a safe condition, especially if they are in an area with public access, so accurate records of inspections and remedial work is essential.
Tagging trees is a bit out dated now, although it works well on small plots. gps location and interactive maps are more usual now, especially for local authorities.