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VAT and Corporation Tax Funding

What is a tax loan?

Businesses are savvy with their finances and having working capital is of utmost importance in order to take advantage of business opportunities. For this reason, tax loans are becoming increasingly popular, freeing up a business’s cashflow whilst meeting the demands of HMRC on time.

Whatever your business type, we can assist you finding a finance solution that enables you to spread the cost of your Tax bill over a 6, 10 or 12-month term, helping you navigate this cost and avoid HMRC late payment charges.

Simply put, a Tax loan can help you to free up cash for investment in other areas of your business.

Benefits of a Tax loan:

  • Easy to arrange facility
  • Unsecured lending
  • Protects your working capital
  • Fixed monthly repayments available from 6-12 Months
  • Quick Decisions
  • Payment made to HMRC directly or to your bank account – you choose!
  • Protects existing bank facilities
  • HMRC receive payment on time, meaning no penalties!

Our popular tax loan facility is quick and fast, and has been designed to help businesses manage this annual expense. It allows businesses to take control of their cash flow and spread the cost of their tax liability into more manageable monthly payments.

Contact us today, tell us the amount of your tax bill and the term you would prefer. We will tailor the tax loan to suit your circumstances moving quickly to avoid any late payment penalties from HMRC.

VAT Loans

Like a tax loan, VAT loans allow businesses to retain their working capital whilst still meeting their VAT demands. A businesses access to working capital can be the difference between being able to take advantages of opportunities that arise or settling an unexpected bill that otherwise could have severe consequences. Simply put, access to cash can be king.

Business Comparison has access to lenders that can provide your business with a VAT loan facility. VAT loans have been designed to help businesses manage this regular business expense providing options to spread the cost either via regular 3-month rolling periods with a loan agreement.

The lender will require a copy of the businesses VAT return, accounts, bank statements and information on the Director(s) of the business. Like a tax loan, a VAT loan is a very fast funding facility, it can take as little as 24 hours to make a decision.

Contact us today and tell us the amount of your VAT bill. We will them tailor the VAT loan to suit your circumstances, moving quickly to avoid any late payment penalties from HMRC.

Benefits of a VAT loan

  • Quick to arrange
  • Payments can be made to the HMRC directly on your behalf or to your bank account.
  • 3 Monthly Payments – First Payment Deferred By 1 month
  • Does not utilise existing banking relationships
  • Option to use as a rolling facility (subject to approval)