Tax bill funding may be something you never thought about before, possibly because many people do not know it even exists. For those in the know, however, it has been a quietly growing way of meeting that tax bill that always seems to pop up at the most inopportune moment.
So, if you do have a tax bill to pay soon, considering short-term finance to move the burden to a more suitable time may well be a better way to arrange your finances.
Let’s look at the details of how this could work.
You can obtain finance to fund your personal, corporation or VAT bills and spread the cost over 3 months (for VAT) or 6, 10 or 12 months (for Personal/Corporation tax).
This type of finance is unsecured and typically has no requirements for Personal Guarantees, (PGs). The only requirements are that you have a minimum of 12 months trading and that the tax bill is at least £10,000. The bill can’t be more than 14 days overdue (VAT) or 1 month overdue (Personal/Corporation tax).
What is more, we can get you funding within 48 hours, so don’t worry if you have left it later than you planned to.
As far as the rates of interest are concerned, flat rates are typically available from 4% – 5.5% (subject to underwriting and term length).
So, don’t let that tax bill worry you, contact us today for a solution.