VAT Funding

Businesses that are VAT registered have to ensure funds are available each quarter for their VAT bill and this can sometimes put an unwelcome strain on cash flow, especially if the bill is larger than expected or the company wants to use its cash resources to invest in its business.

With our tailored VAT funding solution any business can benefit from spreading the VAT over the following quarter, which effectively turns a quarterly payment in advance into a monthly payment in arrears, releasing capital within the business and smoothing the peaks and troughs in cash flow.

VAT funding loans are becoming increasingly popular for businesses across the UK providing a new unsecured credit line that works alongside other traditional forms of credit.

Details

  • Repayment term = 3 months
  • Loan size = £5000 to £500,000*
  • Security = None or personal guarantee
  • Funding decisions typically within 24 hours
  • Payment to HMRC directly**

*funding is available for larger amounts on a case by case basis
** payment can be made to the client if the HMRC bill has been recently paid

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Corporation Tax Funding

Profitable companies will have a corporation tax liability which can use up cash in the bank and affect cash flow as funds may not have been reserved. Being able to spread the cost of this liability over up to 12 months helps to smooth cash flow, free up capital for investment in the business and possibly help to avoid charges from HMRC for late payment.

Often businesses pay their corporation tax directly and quickly realise cash flow has been affected to an uncomfortable level or they have used their overdraft more than they would have liked. In this circumstance it can be possible to arrange retrospective funding for the current tax liability.

Details

  • Repayment term = Up to 12 months
  • Loan size = £5000 to £500,000*
  • Security = None or a personal guarantee
  • Retrospective funding available**
  • Funding decisions typically within 24 hours
  • Payment to HMRC directly**

*funding is available for larger amounts on a case by case basis
**payment can be made to the client if the HMRC bill has been recently paid

See a success story

Self-assessment Tax Finance

Personal tax bills, that become due each January and July, can sometimes be an unwelcome surprise and cost. Funding is available to enable you to spread the cost of this bill over up to 12 months and make this more manageable that a single payment.

Details

  • Repayment term = 6 months to 12 months
  • Loan size = £5000 to £250,000*
  • Security = None or a personal guarantee
  • Funding decisions typically within 24 hours
  • Payment to HMRC directly**

*funding is available for larger amounts on a case by case basis
**payment can be made to the client if the HMRC bill has been recently paid