VAT / Tax Loans : Keeping the taxman at bay

At Rangewell, we can help you deal with tax bills when you simply don’t have the cash available. But we can also provide solutions for the long term, which can benefit your whole business.

Why your tax bill might become a problem

You should be able to predict exactly what your tax bills will be, and when they fall due. But even if knowing amounts and times may not be a problem, finding the necessary funds may be. A late paying customer can leave you with a shortfall at the end of a quarter, giving you problems with your VAT return. A lost contract can mean income is not on forecast, creating issues at the end of the year, and leading to problems with corporation tax. Businesses can face problems with their tax liabilities through no fault of their own.

Keeping cashflow healthy

We all know that a tax bill is coming. Tax is an inevitable expense that every business must be prepared for. Discovering that you will have a cash shortfall can be frightening.

But the problems caused by your tax bills can be long-term.

Your tax liabilities can often amount to a substantial sum, large enough to have a significant effect on your company’s cash flow. Having to earmark funds up front to deal with a tax liability can mean that you are unable to invest in other areas. Funding for growth, and even the necessary capital for day-to-day operations becomes restricted because of the bottlenecks created by tax bills. Your whole operation can suffer.

You can’t afford to delay

You may be prepared to accept excuses from key customers who pay late. HMRC will probably not have the same lenient approach to what you owe.

The need to pay without delay could mean serious difficulties for you. If your business doesn’t have enough working capital to pay the bill straight away, you could face heavy penalties for late payments.

The most important thing is for you to pay what the business owes as soon as possible. Many professionals use Business Tax Loans to help ease the impact that a tax bill can have.

The advantages

A straightforward Tax Loan can help you deal with a tax bill when it is an emergency.

A Tax Loan facility goes further. It is designed to help manage the recurring expense of tax bills, spreading the costs to remove the constraints on your revenue stream. It allows you to take control of your cash flow and spread the cost of your tax bill into more manageable monthly payments.

The benefits to your business are simple. Tax finance allows you to ensure that HMRC can be paid the correct amount, on time, without causing cashflow problems, while you can spread the cost of your business tax obligations over a 12 month period.

Why you need Rangewell to set up Tax Finance

Many lenders can offer short-term loans which might allow you to deal with a problem tax bill, but getting the right lender and the right arrangement can make a big difference to the cost to your business.

At Rangewell, we work with lenders across the entire market. We know the lenders who can offer the most appropriate lending and the most competitive rates. It means we can offer you an affordable way to deal with tax bills that come as a problem. We can find you lenders who will provide funds in under 24 hours, and can pay funds directly to HMRC if required.

But we can do more than that. We can source flexible facilities that once set up will let you spread tax bills, including VAT and corporation tax across the year. It means a smoother cash flow and cash freed up cash for investment in other areas.

It means turning your tax bill liabilities into a predictable cost - giving your business a real advantage.

Getting the solution that is right for you

Our experts can discuss your needs, and help find answers scaled to fit your turnover and your other obligations. When you call us, we can explain the options – and find you the solutions you need fast.