VAT Funding for Companies
From £5,000.00
As with all financial agreements, this quotation is subject to approval based upon the credit status of the company applying.
This type of loan is essential for any UK business that has a HMRC Corporation Tax bill to be paid.
The process of applying for a Corporation Tax Loan is quick and simple. We will need some information from you such as your company accounts, potentially management figures and your last three months bank statements.
Once you have signed the simple and easy to read loan document, we process the information. We then pay HMRC stating your unique tax reference. (UTR)
Our funders have undertaken thousands of these Corporation Tax loan agreements in the past, so it is all perfectly acceptable with HMRC.
You then make a regular loan repayment until the loan is repaid in full. You can pay over a term of three months up to eighteen months, depending on what you would like to do. Normally, the repayments start a month after HMRC have been paid.
Use our free Corporation Tax Loan calculator to get an indicative quote. Just enter the value and term. No need to complete your details You can still apply, just click on the blue Apply now for free button.
It breaks up your bill into monthly fixed instalments and allows you to keep your cash in the business.
This loan will not affect other funding such as an overdraft or other loans / leases you may have. We use several specialist tax loan providers. Hence, existing lines of credit remain intact.
Ultimately,
your Corporation Tax bill will always be paid on time and in full.
For some companies, the other option is to negotiate repayment terms with HMRC.
and this could have other implications on your company. Most organisations in the UK would just prefer to pay the tax bill and not have the pressure of agreeing a repayment plan with HMRC.
