VAT and Corporation Tax Loans
This is the ideal solution for clients who experience cash flow problems whenever the VAT or Corporation Tax bill is due, but are otherwise adequately funded. We will advance the value of the tax due and allow the client to pay us back over 3 months (for VAT) or 12 months (Corporation Tax) for the payment of a fixed fee amortised over the period of the loan. There may be a small set up fee to cover legal costs on the first occasion. A VAT loan coupled with spot factoring can often generate a significant saving when compared with a long term invoice finance solution and we have cases where we have saved clients up to 60% of their invoice finance costs.