VAT & Tax Loans
What is VAT / Tax Bill Finance?
VAT or Tax Bill Finance is designed to help businesses cover large or unexpected tax bills.
Why Choose VAT / Tax Finance?
VAT/ Tax Finance can help businesses to maintain healthy levels of cashflow at all times, even when HMRC comes calling.
How it Works:
VAT and tax finance allows you to make tax returns more manageable by spreading the costs over a rolling 3 – 12 month period.
VAT and Tax Bill Finance at a Glance
Eligibility:
Businesses trading for at least 12 months.
Loan Amounts:
Borrow from £10,000 - £500,000
Turnaround times:
Approval in as little as 48 hours.
Repayment terms:
Fixed payments over 3 months - 5 years.
Interest Rates:
Fixed cost from 2.45%
Purpose:
Spread the cost of a VAT or corporation tax bill making fixed payments to smooth cashflow and free up cash to use in other areas.
Manage Your Tax Bills with Ease
A large or unexpected tax bill can put a strain on your business’s cash flow, potentially leading to missed payment deadlines and incurring late payment charges and penalties. At Elite Business Funding, we offer tax and VAT funding solutions for businesses facing large or unexpected tax liabilities. Our finance options allow you to spread the cost of your VAT and tax bills over a period of time, ensuring that your business can continue to operate smoothly without disruption. Whether you need to pay corporation tax, PAYE, VAT, or other tax obligations, we can help you manage your payments efficiently with our tailored VAT funding solutions.
What is VAT and Tax Finance?
VAT and tax finance allows businesses to cover large, sometimes unexpected tax bills without needing to make immediate full payments. This funding allows you to spread the cost of your tax bills over an agreed period, making the repayment process more manageable and helping to protect your cash flow. When you take advantage of our VAT and tax finance, you can ensure that your business remains financially stable whilst meeting your tax obligations.
The loan amount you can borrow depends on the size of your tax bill, with amounts typically ranging from £10,000 to £500,000. Repayments are fixed, making it easy to budget and plan ahead, with flexible terms of 3 months to 5 years. With approval often within 48 hours, this solution offers quick relief when you need it most.
Why Choose to Finance Tax and VAT?
There are several advantages to financing your tax and VAT bills, including:
- Avoid Late Payments and Penalties. HMRC is increasingly strict about late payments, with failure to meet deadlines potentially resulting in hefty fines and penalties. By utilising our tax and VAT loan facility, you ensure that you never miss a deadline.
- Easier Cash Flow Management. Paying your tax via monthly instalments means you don’t have to pay large lump sums all at once. This makes cash flow more manageable and prevents your business from running into financial difficulties.
- Predictable Payments. Fixed monthly payments make it easier to predict and budget for tax obligations, without unexpected financial pressure.
- Maintain Working Capital. Instead of using up your business’s working capital to cover tax bills, you can finance the costs via an HMRC loan, allowing you to use your funds for other essential business needs. Our VAT funding solutions are designed to protect your working capital while ensuring your tax obligations are met on time.
How Does it Work?
VAT returns are usually submitted to HMRC every three months, with businesses choosing to pay quarterly or annually. Corporation tax is usually due once a year, either in January or April, depending on your company’s accounting year.
VAT and tax finance allows you to spread the cost of your bills over a period ranging from three to 12 months, depending on the amount and your business’s cash flow needs. Our HMRC loans provide you with the flexibility to make tax payments in convenient, fixed monthly instalments rather than paying the full amount upfront. Our VAT funding solutions ensure that once approved, the funds are made available to cover your VAT or corporation tax bill, and repayments are automatically set up based on the agreed schedule. This ensures your cash flow remains steady whilst meeting your tax obligations and avoiding the risk of late payment penalties or fines.
If you’re facing a large bill from HMRC, or you simply want to better manage your tax liabilities, our tax and VAT funding solutions can provide the relief your business needs. Contact us today to spread the cost of your tax and VAT bills and keep your company running smoothly.
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