There is perhaps never a good time to receive an unexpected tax or VAT bill from HMRC, but if it comes at a time when your cashflow is already under pressure or if you haven’t put aside enough throughout the year, could a business loan or asset finance be the right way forward?
With the taxman coming down hard on firms who have outstanding tax repayments the dangers of putting off paying a tax bill can mean HMRC issuing penalties, charging interest or even issuing winding up orders which threaten the very existence of your business.
Taking out a business loan to pay HMRC
We offer a range of finance solutions that can help you finance a VAT bill or other debt with HMRC.
With a short-term business loan you can access the finance to repay your HMRC bill which could help you avoid the worry, as well as interest or penalty fines. Your repayments can then be structured over a duration that is manageable for your business.
Alternatively, using our asset finance services you can raise funds using existing assets such as business vehicles, equipment or machinery. Again, your repayments can be structured over a duration that meets your requirements.
With both options your finance can be quickly arranged, with our team on hand to support you at each stage. We have good relationships with multiple finance providers to find you competitive options.
Contact our experienced finance team
If you would like to discuss how we can help you find finance for your business you can contact us 7 days a week, or request a call back via the form on this page.
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This article has been produced by The Funding Store for general interest. No responsibility for loss occasioned to any person acting or refraining from action as a result of the information contained in this article is accepted by The Funding Store (MK) Limited. In all cases appropriate professional advice should be sought before making a decision.