If you’re wondering how you’ll pay your VAT or corporation tax bill while leaving enough cash leftover to run your business, we can help. A tax loan can help you spread the cost of your obligations to HMRC into affordable monthly payments.
Tax Loans - Features and benefits through Funding Options:
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Tax Loans - How do they work?
Many lenders offer loans specifically designed to pay tax bills, and in some cases funding a VAT bill can have tax benefits, because interest payments are offset against corporation tax later in the year.
Planning ahead to ensure there is sufficient cash in the business for VAT payments is important, however, if things didn't go to plan, don't worry — VAT financing is a dependable source of cash.
If your business is a limited company, you'll pay tax once a year. Because it's retrospectively paid, it's easy to get caught out if you haven't been putting enough aside throughout the year.
Put simply, there's steps you can take to finance a VAT bill or other debt with HMRC — and it doesn't have to sink your business.
Representative example*
7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rate
Rates from 2.75% APR
Repayment period
1 month to 30 years terms