January and April may be peak tax season, but you could also find yourself facing an unexpected tax bill at almost any other time of year. Increasingly, savvy businesses across the UK are turning to affordable loans to pay tax bills, often saving significant sums of money in the process.
Far from a rarity, thousands of business owners each year find themselves facing the exact same scenario. Usually at the worst possible moment, you discover a significant tax payment is due, only to then find you don't really have enough working capital to cover it.
As a result, you face the prospect of painful penalties and excessive additional charges, along with the unwanted attention of HMRC.
It can seem like an inevitable eventuality, but there are in fact plenty of alternative options for funding an unexpected tax bill. No matter how urgent or extensive your requirements may be, contact the team at UK Bridging Loans to discuss the available options.
The longer you wait to meet your tax obligations, the bigger the risk you take. Over recent months and years, HMRC has stepped up its offensive against businesses who fail to meet their tax obligations, with an alarming campaign of liquidations and winding-up orders.
This is where flexible and affordable tax bill loans can help. By taking out a specialist business loan to pay tax bills in full and on time, you protect your business from a variety of potential risks. In addition, you could also find that the interest charges and borrowing costs are significantly lower than the penalties that would apply in the case of non-payment.
The vast majority of unexpected tax bills can be covered with a variety of flexible and affordable loans. At UK Bridging Loans, our experience and expertise extend to all types of secured loans and personal loans to pay tax bills for businesses and entrepreneurs.
Another popular type of loan for tax bill payments is the specialist VAT loan. Particularly where major purchases and investments are concerned, you may find yourself and/or your business liable for an enormous additional VAT payment. You will be able to reclaim this VAT at a later date, but could nonetheless be faced with several weeks or months of cashflow issues.
VAT loans are designed to bridge these gaps with purpose-made, ultra-short-term loans at rock-bottom rates of interest. The loan is issued within a matter of days to cover the VAT payment, your business benefits from smooth and adequate cashflow and the loan balance is repaid when you receive your VAT refund.
Our VAT loans are particularly popular among property developers and investors, though are also open to all types of businesses and entrepreneurs.
No matter how complex or urgent your requirements may be, you will not find a more capable or experienced broker than UK Bridging Loans.
Call anytime to discuss our fast bridging loans for paying tax bills in more detail, or email us, and we will get back to you as soon as possible.
Clients approach UK Bridging loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.
An immediate yes or no answer is given and if suitable, a quotation is formulated and forwarded to the client, usually by email.
A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.
Each client are visited at the security address for signature of the remaining loan paperwork, including a CH1, land registry charging order. We will also collect any additional pre-requested documentation.
The signed documentation is immediately sent to our underwriters. Our model is based on very quick completions as each deal is funded using all of our own money. On rare occasions we may request additional information.
Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge is removed once the bridging loan is repaid.
The applicant could be too old to obtain a standard high street mortgage as most mortgage lenders now prevent borrowing into what is deemed, “normal retirement age”.
The property may be in a condition where it is not suitable for mortgage finance and as such a Bridging Loan could be used to complete the purchase and any required work prior to refinancing.
The applicant may have some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.
The applicant may have difficulty proving income requirements needed for more regular finance. This may be due to poor self-employment records, a break from work or a reduction in self-employed workloads or overtime.
We offer quick turnaround with fast bridging loans and in cases will approve and get you the finance needed in 24 hours.
Funding provided for all manner of development needs, from light to heavy refurbishment or complete development build.
A bridging loan can be a good way to stop yourself falling into bankruptcy, given you an urgent cash injection when needed.
Business finance can be obtained through bridging finance and can be used for a variety of purposes for your business.
Consolidate your debts into one monthly payment by using a bridging loan to bring your finances back in to shape.
An unexpected tax bill can be a real strain on finances. Use bridging loans to pay your tax.
A bridging loan can be used to bring your mortgage out of arrears and stop the home from being repossessed in the process.
Our quick and easy bridging loan calculator can be used to easily identify the repayment on a bridging loan in just a few clicks.
Business Address: Office block 2, Kibworth Business Park, Kibworth Harcourt, Leicestershire, LE8 0EX
Telephone: 0116 366 6338
Email: contact@ukbridgingloans.uk