Don’t delay in paying your VAT or tax bill

Working capital vs HMRC bills

We’re all aware of the inconvenience that large VAT and tax bills can present to a business and it’s owners. 2018 showed that UK businesses paid a total of £50.4 billion in corporation tax, which is an 18% increase compared to the 2016 tax year. Businesses that are unable to pay their tax bills are often faced with difficult situations including penalty fee’s, winding up orders and even liquidations.

The size of a VAT or tax bill will vary from business to business, but they’re rarely ever small. So, what should I do if my business doesn’t have enough working capital to make payment? The first thing to remember is that you are not alone. We regularly speak to businesses from all over the UK, from a vast range of industries in relation to making payment on VAT or tax bills.

Be proactive and take action, do not wait for reminder letters to come from the HMRC and risk receiving those late payment fees.

Financing your HMRC bills

Outstanding customer invoices and other unexpected bills can cause issues when working to a budget. If things don’t go quite to plan, don’t worry we are here to help. Our VAT & tax loans are tailored to your business requirements on terms that best suit you.

Below is a breakdown of the features and criteria for our VAT and tax loans:

VAT Loans

Features

  • Lending from £5,000
  • Maximum term 3 months
  • Credit approval typically within a few hours
  • Funds are paid to HMRC

Criteria

  • Must have been trading 2 years minimum
  • Non – regulated businesses only
  • We require proof of VAT liability
Tax Loans

Features

  • Lending from £25,000
  • Maximum term 12 months
  • Credit approval typically within a few hours
  • Funds are paid to HMRC

Criteria

  • Must have been trading 5 years minimum
  • Non – regulated businesses only
  • We require proof of tax liability

The Process

We have made our entire process as simple as possible to ensure our customers receive the funds timely and efficiently. Once you have enquired, we will immediately begin preparing your application to secure funding for your business. Once approved we will send out the necessary paperwork through email for you to sign. Once signed and the hard copies are returned, funds will be released either to your business or the HMRC – Whatever you would prefer.

How we’ve helped before

1) We secured a VAT loan for a building maintenance company in Hampshire. The loan was approved over a 3-month term and funds were paid to HMRC within just 1 working day of the finance being approved. (Capital required: £23,000)

2) We recently secured a Tax loan for a PR company based in Gloucestershire. The finance was approved in just a few hours over a 12-month term. (Capital required: £43,000)

3) We recently assisted an existing customer with their VAT loan solution. The architect firm in Hampshire repeatedly finances their VAT bills in order to keep working capital available for other business purposes. The finance was set up over a 3-month term. (Capital required £24,000)

Request a quotation

To get started all you need to do is contact us on 01420 481 500 or complete the form below. Once submitted a member of the team will contact you to discuss your finance requirements further.

Please tick the box to confirm that your business is either incorporated or a partnership with 4 or more registered partners.
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