What is vat/tax
returns and how does it work?
As a business owner, you usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months, even if you have no VAT to pay or reclaim. For those businesses that owe HMRC VAT, you can choose to fund the bill once or twice a year, or, as most people do, finance each new quarter VAT return throughout the year. We advise that your plan ahead, to make sure there is enough working capital for these payments. It’s important to be able to comfortably manage these payments year-on-year (or quarter-on-quarter), whilst maintaining your working capital so you can keep your business ticking over.
- Short term tax and VAT funding up to £150,000
- Tailored to the specific needs of your company
- No hidden fees or costs
- 24-hour approval,
- 90% approval rate
How do I
finance my vat bill?
As a business owner, few things are as worrisome as owing a government organisation money. Unfortunately, it’s often the case that business owners are not aware of their options or they don’t have enough working capital to pay for the bills. Forfeiting on the payment or being late is something we strongly recommend you avoid. Owing to the HRMC is no longer taken lightly and with enforcement actions being taken to those that default on payment.
Our VAT loan facility is ideal for an SME that finds itself owing on their VAT bills. We have worked with many businesses looking for a quick and safe solution to finance their VAT bills. We know that the time granted in which to pay these bills is usually at a three-month time cap, that is why our unsecured business loans are the perfect solution for you. We offer short-term business loans (secured and unsecured) of up to 150,000 with terms from 1 up to 6 months and to save you more hassle, funds are paid directly to the HMRC.
- Short-term business loans to pay off your tax debt
- Up to £150,000 with terms from 1 – 6 months
- Funds are paid directly to HMRC
How do I finance
my income tax bill?
Because income tax is paid in retrospect, it can be very easy to mismanage your finances and find that you have not set aside enough to settle your bill. It is advised to check your accounting year because this determines when your annual tax is owed.
We offer finance to pay tax with the option to spread the cost of paying their self-assessment or corporation tax bills. Available terms from 1 to 12 months. Funds are paid directly to the HMRC
How do I apply
for vat or tax bill funding?
Because we understand your time constraints, our process is simple and easy. We do not require detailed business plans nor is there a need to make an appointment. Our process is flexible, quick, affordable and fully transparent - all of this without compromising on quality of service.
Apply in minutes using our online application form
Same day call from us to discuss your application
Receive a decision within 24hours once required documentation is submitted
When it comes to securing business finance, it’s vital to make an informed decision. We’ve answered some of the most commonly asked questions to help you in that task.
When do I qualify for a business loan?
We welcome all UK based sole traders, limited companies or partnerships. We require an annual turnover of £100,000 and a minimum of one year’s financial accounts.
How much can I borrow?
Our Unsecured Business Loans vary from £5,000 to £150,000 and we offer Secured Business Loans up to £500,000. We also offer regulated business loans to sole traders up to £25,000.