VAT and Corporation Tax Loans
Spread the cost of your VAT and Corporation Tax bills
Don’t use all your working capital to pay VAT or Corporation Tax bills. Instead, keep your cash in the bank for longer and use someone else’s money instead! This will improve cash flow and enable your business to grow.
VAT Loan
It is very common for businesses to struggle to pay large VAT bills upfront when they haven’t received what is due from customers.
In these circumstances, a VAT loan can ease the strain on cash flow enabling businesses to maintain liquidity and operational efficiency.
A VAT Loan is available to any business which is registered with HMRC for VAT. As the lender, we will pay the VAT bill on your behalf. This enables you to spread the cost of your VAT bill over three months and keep more cash in the bank.
Corporation Tax Loan
Companies often face challenges when it comes to paying their annual Corporation Tax bill, as the payment is typically due several months after the end of the financial year.
Corporation Tax loans offer a way for you to manage this financial gap and meet your tax obligations without impacting day-to-day operations. Such loans provide you with the necessary funds to pay your bill promptly avoiding late payment penalties and maintaining a positive relationship with the HMRC.
A Corporation Tax Loan works in the same way as a VAT Loan but rather than having to repay the loan over three months, a Corporation Tax Loan can be repaid in up to 12 monthly instalments.