Spread out your corporation tax bill over a year

Instead of paying HMRC your corporation tax bill in one large lump sum, your business borrows a short-term loan from a specialist financial provider that pays HMRC directly (or provides funds to the business to do so).

That way, it spreads the cost of your annual corporation tax bill (due 9 months and 1 day after year-end in the UK), and the loan is repaid in monthly instalments (often 6–12 months).

Benefits

• Frees up working capital for other business needs.
• Easier budgeting with fixed monthly repayments.
• Avoids penalties for late tax payments.

For further information and advice, please contact us today.