Tax Bill Funding
For Personal Tax, Corporation Tax or VAT bills
Black Book now brings access to Tax Bill Funding – with lenders who will pay the Tax Bill to HMRC directly; allowing your clients to then spread their payments over:
- 3 months for VAT (Min. bill amount = £10,000)
- 6, 10 or 12 months for Personal or Corporation Tax (Min. bill amount = £10,000)
Key Features:
- Unsecured borrowing, typically with no requirement for Personal Guarantees*
- Transaction Fee – typically ranges from 6% to 12% (over term selected).
- Min. 12 months trading (with one set of published Accounts & Balance Sheet)
- Corporation or Personal Tax (no more than 30 days overdue)
- VAT (no more than 14 days overdue)
- Underwriting decisions in 48 hours
- Each case individually underwritten – credit search, sight of tax bill and last set of published accounts (inc. P&L and Balance Sheet)
The Transcation Fee payable is determined by factors including the amount to be funded, repayment term selected, and credit/underwriting decision.
The first step is to underwrite the enquiry…
To do so just complete the online enquiry, upload the most recent Accounts & the Tax Invoice when prompted, and submit to our team.
We will then take care of the rest, and come back to you with the underwriting decision, rate payable, monthly payments, your commission confirmation, and next steps.
Call us today on 0800 651 6511 or enquire online
*Underwriters reserve the right to request a personal (or director) guarantee, of which the client will always be notified, prior to any commitment to proceed.