# VAT Loans > VAT Loans is the website of Tax Funding Limited T/A VAT Loans, a UK based credit broker arranging short-term finance for VAT, Corporation Tax, Professional Indemnity Insurance and related business funding needs. VAT Loans is a credit broker, not a lender. > Use this file as a concise guide to the most important VAT Loans pages. Prefer service pages, compliance pages, FAQs, calculator pages and contact pages over layout templates, archive pages or duplicated content. --- ## Pages - [Corporate Responsibility](https://vatloans.co.uk/corporate-responsibility/): Corporate responsibility VAT Loans Corporate Responsibility VAT Loans takes corporate responsibility seriously, covering legal obligations and wider moral responsibilities to... - [Fair Processing Notice](https://vatloans.co.uk/fair-processing-notice/): Fair Processing Notice Fair Processing Notice Fair Processing Notice How we collect, use and share your data Personal data Your... - [Anti Money Laundering Terms](https://vatloans.co.uk/anti-money-laundering-terms/): VAT Loans’ Anti-Money Laundering Terms Systems and processes are reviewed annually, these include: On-boarding a new partner relationship On boarding... - [Complaints Handling Procedure](https://vatloans.co.uk/complaints-handling-procedure/): Complaints handling procedure How VAT Loans handles complaints VAT Loans aims to provide a high standard of service to every... - [Bribery And Corruption](https://vatloans.co.uk/bribery-and-corruption/): Bribery and corruption Bribery and corruption Contact Us Bribery and corruption Bribery and corruption Conflict of interest Contact Us Bribery... - [Privacy And Cookie Policy](https://vatloans.co.uk/privacy-and-cookie-policy/): Privacy and Cookie Policy VAT Loans takes the privacy of its users seriously. Generally, you can browse through our website... - [FCA Consumer Duty](https://vatloans.co.uk/fca-consumer-duty/): FCA – Consumer Duty Financial Conduct Authority – Consumer Duty Regulation effective 31st July 2023 contact us Complaints Handling Process... - [Modern Day Slavery Statement](https://vatloans.co.uk/modern-day-slavery-statement/): Modern Day Slavery Statement On this page Introduction Our organisation Our Business Model Due diligence Policies Further Steps Introduction This... - [Vulnerable Customer Policy](https://vatloans.co.uk/vulnerable-customer-policy/): Vulnerable Customer Policy At VAT Loans, we are committed to providing excellent service to all of our customers, including those... - [Conflict of Interest Policy](https://vatloans.co.uk/conflict-of-interest-policy/): Conflicts of Interest Policy It is our policy to ensure that Tax Funding Limited conducts its business in an honest... - [Employment at VAT Loans](https://vatloans.co.uk/employment-at-vat-loans/): People and standards Employment VAT Loans embraces diversity and values everyone for their merits. The employment page focuses on equal... - [Company Information](https://vatloans.co.uk/company-information/): Company information Tax Funding Limited T/A VAT Loans This page brings together the registered company details, FCA status, data protection... - [Climate Positive Charter](https://vatloans.co.uk/climate-positive-charter/): Climate Positive Charter Corporate responsibility Charter Our Corporate Responsibility Charter is our strategy on how we interact with all our... - [Group Companies](https://vatloans.co.uk/group-companies/): Family Here at VAT Loans we are proud to be affiliated with the companies below, through our associated company WestWon... - [VAT Loans](https://vatloans.co.uk/vat-loans/): VAT Loans Why VAT Loans? More and more UK based companies are utilising VAT Loans to help with their business... - [VAT Refund](https://vatloans.co.uk/vat-refund/): Get your VAT refund in as little as 24 hours Our partner, Adsum’s, InstantVAT product enables you to get your... - [Commercial Property](https://vatloans.co.uk/commercial-property/): Commercial Property VAT Loans Finance VAT on a commercial property When you are buying a commercial property, the selling agent’s... - [PII](https://vatloans.co.uk/professional-indemnity-insurance-finance/): Professional Indemnity Insurance Finance Why Professional Indemnity Insurance Finance? Professional Indemnity insurance funding explained Professional insurance, often referred to as... - [Resource Center](https://vatloans.co.uk/resource-center/): Resource Center Welcome to the VAT Loans Resource Centre, our knowledge hub designed to help you better understand how our... - [Articles](https://vatloans.co.uk/blog/) - [Contact Us](https://vatloans.co.uk/contact-us/): Contact us Speak to our team about arranging short-term tax funding for your business. Whether you need help with a... - [VAT Loan Calculator | Estimate VAT Finance Repayments](https://vatloans.co.uk/vat-loan-calculator/): Use our VAT loan calculator to estimate repayments for spreading a VAT bill over three monthly payments. Subject to status and available to UK limited companies only. - [Climate Positive](https://vatloans.co.uk/climate-positive/): Climate Positive We aim to plant 100,000 trees in the next 5 years We aim to remove tonnes of CO2... - [Our Team](https://vatloans.co.uk/our-team/): Meet The People Behind VAT Loans All Associate company Driectors IT / Acounts Management Operation Sales All Associate company Driectors... - [GDPR](https://vatloans.co.uk/general-data-protection-regulation/): Data protection statement General Data Protection Regulation This page explains how VAT Loans handles personal data, consent, data sharing, security,... - [Corporation Tax Loans](https://vatloans.co.uk/corporation-tax-loans/): Corporation Tax Loans This type of loan is essential for any UK business that has a HMRC Corporation Tax bill... - [About](https://vatloans.co.uk/about-vat-loans-2/): Background of VAT Loans VAT Loans is the trading name of Tax Funding Limited, a finance company established in 2003... - [Home](https://vatloans.co.uk/): Let’s talk VATLoans VAT loans are a fast and effective way of maintaining healthy cash flow. As you may have... --- ## Posts - [Who Called Me 01494 956 871?](https://vatloans.co.uk/who-called-me-01494-956-871-vat-loans-uk/): A Legitimate Introduction from vatloans. co. uk/ If you have recently received a call from 01494 956 871, this was... - [What can I do if I cannot pay my VAT bill on time?](https://vatloans.co.uk/what-can-i-do-if-i-cannot-pay-my-vat-bill-on-time/): Initially, when our clients call us, they’re often racing against time to pay their VAT bill before the 7th of... - [VAT Loans vs. Traditional Financing: Pros and Cons](https://vatloans.co.uk/vat-loans-vs-traditional-financing-pros-and-cons/): In any business venture, financing is one of the most critical driving forces behind its success or failure. As a... - [Tax Funding Limited, looking to be the UK’s largest and most respected HMRC loan provider.](https://vatloans.co.uk/tax-funding-limited-looking-to-be-the-uks-largest-and-most-respected-hmrc-loan-provider/): At Tax Funding, most of the blogs we write focus on how we can help UK companies pay their HMRC... - [A Step-by-Step Guide to Applying for a VAT Loan](https://vatloans.co.uk/a-step-by-step-guide-to-applying-for-a-vat-loan/): A VAT loan is a type of financing that can provide you with the cash needed to cover your VAT... - [Navigating VAT Financing: Tips and Strategies](https://vatloans.co.uk/navigating-vat-financing-tips-and-strategies/): One financial aspect that business owners must understand is VAT financing. Whether you’re a new business owner or a seasoned... - [Formulate a Contingency Plan for the Unexpected](https://vatloans.co.uk/formulate-a-contingency-plan-for-the-unexpected/): In business, anything can happen. You can have a plan in place, but the unexpected can always occur. Being able... - [Analysing VAT Loans and HMRC VAT Time to Pay (TTP) arrangement](https://vatloans.co.uk/hmrc-ttp-arrangement/): VAT Loans and HMRC VAT Time to Pay arrangements. Whilst both are great ways to relieve cashflow pressures in your... - [A Thorough Guide to Loan Documents Submission](https://vatloans.co.uk/a-thorough-guide-to-loan-documents-submission/): Have you ever wondered what kind of documents you need to provide when applying for a loan? It can be... - [HMRC VAT Financing For Solicitors](https://vatloans.co.uk/hmrc-vat-financing-for-solicitors/): This year in the UK,10,400 firms of solicitor’s will bill circa £50bn in fees and collect £10bn in VAT for... - [Strategies to expand your business amidst economic uncertainty](https://vatloans.co.uk/strategies-to-expand-your-business-amidst-economic-uncertainty/): The current economic climate is uncertain and unpredictable, causing many business owners to worry about the future. However, amidst the... - [How can HMRC loans help you and your business?](https://vatloans.co.uk/how-can-hmrc-loans-help-you-and-your-business/): In this article, we delve into the intricacies of HMRC Loans, offering a comprehensive guide to navigate their process. Securing... - [The Future of VAT Financing: Trends and Innovations](https://vatloans.co.uk/the-future-of-vat-financing-trends-and-innovations/): In the world of business, there are many financial challenges companies face, one of which is VAT. Some companies struggle... - [How to Use VAT Loans to Optimise Cash Flow](https://vatloans.co.uk/how-to-use-vat-loans-to-optimise-cash-flow/): Without cash coming in and flowing out, growth and success can be extremely difficult to achieve. One issue that many... - [VAT Loans for Start-ups: Funding Your Business Growth](https://vatloans.co.uk/vat-loans-for-start-ups-funding-your-business-growth/): Starting your own business is a massive accomplishment. As a start-up owner, you’re passionate about making your business succeed, and... - [Why VAT Loans Are Vital for the Growth of Small Businesses](https://vatloans.co.uk/why-vat-loans-are-vital-for-the-growth-of-small-businesses/): One way smaller businesses can acquire necessary funds is through Value Added Tax (VAT) loans. VAT loans are designed to... - [Maximising Your Business Potential with VAT Loans](https://vatloans.co.uk/maximising-your-business-potential-with-vat-loans/): As a business owner, you are always looking for ways to grow and expand your business. One of the key... - [The Ultimate VAT Loan Checklist for Businesses](https://vatloans.co.uk/the-ultimate-vat-loan-checklist-for-businesses/): Managing financials is one of the most crucial aspects that you need to take care of when running a business... - [Say Goodbye to Waiting for Tax Refunds Using Adsum](https://vatloans.co.uk/say-goodbye-to-waiting-for-tax-refunds-using-adsum/): As a business owner, you know how frustrating it can be to wait for your tax refund. It always seems... - [How VAT Loans Can Help Your Business Thrive](https://vatloans.co.uk/how-vat-loans-can-help-your-business-thrive/): Did you know that VAT loans can provide significant financial support when it comes to managing your business’s cash flow?... - [Demystifying VAT Loans: A Comprehensive Guide for Business Owners](https://vatloans.co.uk/demystifying-vat-loans-a-comprehensive-guide-for-business-owners/): Running a business is no small feat, and managing your finances is a key component of that. One major expense... - [VAT and Corporation Tax funding](https://vatloans.co.uk/vat-and-corporation-tax-funding/): VAT and Corporation Tax funding for companies is nothing new. As a multi-million-pound business in the UK, there are thousands... - [A Guide to Calculating Profit](https://vatloans.co.uk/a-guide-to-calculating-profit/): Knowing your business’ profits is essential for any successful business owner. Having a firm grasp on the finances of your... - [Budgeting Tips for UK Businesses](https://vatloans.co.uk/budgeting-tips-for-uk-businesses/): It’s no secret that budgeting is an important part of running any business, but it can be a daunting task.... - [What Is a Corporation Tax Loan and How Can It Benefit Your Business?](https://vatloans.co.uk/what-is-a-corporation-tax-loan-and-how-can-it-benefit-your-business/): Filing taxes can be a stressful process, especially for business owners. If you’re looking for an effective way to make... - [How a VAT loan could help your business](https://vatloans.co.uk/how-a-vat-loan-could-help-your-business/): As the whole country struggles with the cost-of-living crisis, you may be looking for ways to give your cash flow... - [Merry Christmas from VAT Loans](https://vatloans.co.uk/merry-christmas-from-vat-loans/): All the team here at VAT Loans wish you a Merry Christmas and a Prosperous New Year! We would like... - [VAT Loans- FAQs](https://vatloans.co.uk/vat-loans-faqs/): VAT Loans are a great way to avoid any damage made to your cash flow from your quarterly VAT bill.... - [VAT made as easy as 1,2,3!](https://vatloans.co.uk/vat-made-as-easy-as-123/): Here at VAT Loans, we understand the importance of maintaining a healthy cash flow. We also know that VAT liability... - [How getting a business loan could help your company](https://vatloans.co.uk/how-getting-a-business-loan-could-help-your-company/): Many businesses are feeling the pinch of our declining economy, and that is why it is now more important than... - [The best ways to budget for your business](https://vatloans.co.uk/the-best-ways-to-budget-for-your-business/): Our economy is on its knees, and everyone is feeling the pinch right now. So, whether you’re an individual, or... - [Corporation tax due? We’ve got you covered.](https://vatloans.co.uk/corporation-tax-due-we-have-got-you-covered/): Corporation tax liability can take a huge toll of a business’ cash flow when paid upfront. That is why more... - [Our parent company wins Net Zero Business of the Year Award 2022](https://vatloans.co.uk/our-parent-company-wins-net-zero-business-of-the-year-award-2022/): We are thrilled to announce that our parent company, WestWon, has been awarded the Net Zero Business of the Year... - [How to get help paying your business' tax liability](https://vatloans.co.uk/how-to-get-help-paying-your-business-tax-liability/): VAT and Corporation Tax loans are a great way to maintain a healthy cash flow. These loans provide fixed and... - [How to grow your business through implementing a green agenda](https://vatloans.co.uk/how-to-grow-your-business-through-implementing-a-green-agenda/): Our current climate crisis has been at the forefront of many of our minds for the last couple of years.... - [Do I need to register for VAT?](https://vatloans.co.uk/register-for-vat/): You must register your business for VAT if your business meets the following criteria: • Your business’ taxable turnover exceeds... - [How to handle business loan rejection like a champ](https://vatloans.co.uk/how-to-handle-business-loan-rejection-like-a-champ/): Have you ever been turned away from a mainstream bank or finance company? Not to worry, this is definitely not... - [How to nurse your cash flow back to good health](https://vatloans.co.uk/how-to-nurse-your-cash-flow-back-to-good-health/): As we all know, the last few years haven’t been easy for any of us. What haven’t we faced in... - [Importance of a loan calculator](https://vatloans.co.uk/importance-of-a-loan-calculator/): Here at VAT Loans we offer finance for a range of business loans. These include (but aren’t limited to) VAT... - [VAT Loans Case Study](https://vatloans.co.uk/vat-loans-case-study/): Below is a case study about a client of ours who organised, and continues to organise, a short term loan... - [How do HMRC Loans work?](https://vatloans.co.uk/how-do-hmrc-loans-work/): Applying for a bank loan can be a time consuming and arduous process. Their lending policy may not easily work... - [Let us help you with your business' finance journey](https://vatloans.co.uk/let-us-help-you-with-your-business-finance-journey/): Here at VAT Loans we offer finance for a range of things and hope to help you in your business’... - [What business loans do we offer – your ultimate guide](https://vatloans.co.uk/what-business-loans-do-we-offer-your-ultimate-guide/): Here at VAT Loans, we offer finance for a range of business loans. All of these will be covered in... - [List of VAT Finance lenders UK](https://vatloans.co.uk/list-of-vat-finance-lenders-uk/): Throughout this blog I will be breaking down a list of VAT finance lenders across the UK. VAT finance is... - [VAT loans for scaffolding companies](https://vatloans.co.uk/vat-loans-for-scaffolding-companies/): Most scaffolding companies we speak to about leasing for their kit, are not aware that we can also offer VAT... - [VAT Loan Interest Rate](https://vatloans.co.uk/vat-loan-interest-rate/): What is a HMRC VAT loan? A HMRC VAT loan is a specific form of financing for a VAT bill.... - [VAT Loans: A guide](https://vatloans.co.uk/vat-loans-a-guide/): Are you new to VAT loans? And perhaps would like to gain a better understanding on how they work before... - [When does a UK company have to pay a VAT bill?](https://vatloans.co.uk/when-does-a-uk-company-have-to-pay-a-vat-bill/): Once you have registered for VAT, you have to submit a VAT return on either a monthly or quarterly basis.... - [Applying for a VAT finance loan](https://vatloans.co.uk/applying-for-a-vat-finance-loan/): One question we often get asked is why does a UK company come to us for a VAT finance loan... - [Loans to pay VAT](https://vatloans.co.uk/loans-to-pay-vat/): Here at VAT Loans we have loans to pay VAT that have pre-approval in minutes and a decision in 24... - [Spread your HMRC VAT bill over three months!](https://vatloans.co.uk/spread-your-hmrc-vat-bill-over-three-months/): Did you know, you can spread your HMRC VAT bill over three months via a VAT loan from VAT Loans?... - [Top 10 Tips for VAT business loans and funding](https://vatloans.co.uk/top-10-tips-for-vat-business-loans-and-funding/): Many UK business owners dread that time every quarter when the VAT bill falls due. It’s that lump sum of... - [What is a VAT loan?](https://vatloans.co.uk/what-is-a-vat-loan/): As a business owner with a turnover above £85,000, your business must be VAT registered. Every three months your business... - [VAT Loans For Professionals](https://vatloans.co.uk/vat-loans-for-professionals/): As a business owner expenses come from all different directions, including your VAT bill. VAT returns are every 3 months... - [Braemar Finance | VAT Loans](https://vatloans.co.uk/braemar-finance-vat-loans/): Despite Braemar Finance specialising in asset finance, they are one of our primary competitors in the provision of VAT Loans.... - [6 Simple Steps Towards Overhead Relief](https://vatloans.co.uk/6-simple-steps-towards-overhead-relief/): Are your overheads getting the better of you and your business? If yes, this blog might prove useful to you.... - [VAT Funding for SME's](https://vatloans.co.uk/vat-funding-for-smes/): Throughout this blog we will explore some of the key questions that we get asked about VAT loans. Here at... - [Professional Indemnity Insurance - solicitors and law firms](https://vatloans.co.uk/professional-indemnity-insurance-funding-for-solicitors-and-law-firms/): In this blog I will be discussing Professional Indemnity Insurance funding for solicitors and law firms. Did you know there... - [How does a VAT loan work?](https://vatloans.co.uk/how-does-a-vat-loan-work/): Often when a company contacts us about a VAT loan, it’s often a new product to them. This means we’re... - [Why finance companies lend for VAT/Corporation Tax funding](https://vatloans.co.uk/why-do-finance-companies-lend-for-vat-and-corporation-tax-funding/): VAT and Corporation Tax funding VAT and Corporation tax funding is fundamental for many businesses. This is why finance companies,... - [Welcome to VAT Loans!](https://vatloans.co.uk/welcome-to-vat-loans/): Welcome to VAT Loans! Pleased to meet you. We are delighted to share the announcement of the launch of our... --- # # Detailed Content ## Pages Corporate responsibility VAT Loans Corporate Responsibility VAT Loans takes corporate responsibility seriously, covering legal obligations and wider moral responsibilities to staff, customers, partners and the environment. View responsibilities Treating Customers Fairly A practical policy This policy focuses on environmental awareness, carbon footprint reduction, safe offices and fair treatment of customers. Phone: 01494 956 8711 Environment The policy commits to regularly looking for ways to reduce the company carbon footprint and that of customers served. 2 Carbon footprint VAT Loans highlights LED lighting, fuel efficient vehicles, paperless working and company car choices. 3 Regional offices Offices are expected to be clean, safe and compliant with health, safety, fire, heating and ventilation guidelines. 4 Fair treatment The page links corporate responsibility to customer expectations and Treating Customers Fairly principles. On this page OverviewEnvironmental issuesCarbon footprintRegional officesTreating Customers FairlyContact Corporate responsibility overview VAT Loans states that corporate responsibility is not limited to the legal obligations it has as a company. The policy also covers wider moral obligations to staff, customers, partners and the environment it operates in. Plain English focus: The page sets out practical areas where VAT Loans says it takes responsibility: the environment, carbon reduction, safe offices and fair customer treatment. Environmental issues VAT Loans says it respects the obligations a company has on the environment it operates in. The company states that it will regularly look at ways to reduce its carbon footprint and that of the customers it serves. Carbon footprint The page lists several ways VAT Loans connects... --- Fair Processing Notice Fair Processing Notice Fair Processing NoticeHow we collect, use and share your dataPersonal dataYour RightsData Privacy PolicyYour right for more information or to make a complaint Fair Processing Notice As such, any references to “VAT Loans”, “we”, “us” or “our” in this Fair Processing Notice are references to the relevant company VAT Loans. As named in your agreement. We are responsible processing your for data. VAT Loans act as a Data Controller. This therefore means that we are responsible for, and control the processing of, your personal information. This is in accordance with data privacy laws. We are therefore committed to the highest standards of data privacy. We will only use your information for clearly described purposes and in accordance with your data protection rights. Our Data Protection Team can be contacted on the telephone number or email address hello@vatloans. co. uk. How we collect, use and share your data We will use personal data. (Some of which is obtained from you as part of your application. Some of which is obtained from publicly accessible sources, such as credit reference agencies). This is in connection with any application you make to us. Also any Agreement you enter with us or our funders. We use publicly available data from Experian, CreditSafe and Companies House. Also, we may be required to process the personal data. This is of any person linked to your application for finance. This includes any joint applicants, any person with whom your finances are linked.... --- VAT Loans’ Anti-Money Laundering Terms Systems and processes are reviewed annually, these include:On-boarding a new partner relationshipOn boarding a new client relationshipOngoing risk assessmentAction with regard to suspicion of wrongdoingCONTACT USVAT Loans has a zero-tolerance approach to money laundering and tax evasion. We have procedures in our business in place to ensure that it does not happen with either the clients we arrange finance for. As well as the partners that introduce business to us and the finance companies who fund our lease and loan opportunities. This includes our Anti-Money Laundering Terms. Our employees have undergone basic training on the Criminal Finances Act 2017. Additionally, this includes procedures and the systems we have implemented to reduce any risk from money laundering or financial crime. Furthermore, employee training is carried out on a yearly basis. This ensures awareness of the issues surrounding financial crime. Systems and processes are reviewed annually, these include: Certainly reviewing any legal changes that may have taken placeChecking and reviewing our Anti-Money Laundering and Financial Crime Policy on our websiteIn addition, reviewing our process for onboarding new partners and clients we work with and implementing changes where necessary On-boarding a new partner relationship Above all, all new partners must go through an on-boarding process. This culminates in either a finance facility being offered to them / their prospects or not. Checks are done on these new partners, such as:Reviewing their website and checking when it was set up/createdLooking at how they produce their business, what is their... --- Complaints handling procedure How VAT Loans handles complaints VAT Loans aims to provide a high standard of service to every client and resolve complaints as quickly as possible and to the complete satisfaction of customers. Register a complaint Not satisfied? Need to raise a concern? Contact the department you have been dealing with first so VAT Loans can investigate and resolve the concern quickly. Phone: 01494 956 871Email: hello@vatloans. co. uk1 Tell the team VAT Loans asks customers to contact the department they have been dealing with first. 2 Allow five days The company will try to resolve complaints immediately, but asks customers to allow up to five days. 3 Complaint logged Complaints are logged on an internal database and given a unique reference number. 4 Final options Eligible regulated agreement complaints may be referred to the Financial Ombudsman Service. On this page OverviewHow complaints are handledRegistering a complaintNot satisfied? Contact Complaints procedure overview VAT Loans states that it aims to provide a very high standard of service to every client. The procedure explains how complaints are handled and what customers can do if they think a complaint has not been resolved to their satisfaction. First step: Contact the department you have been dealing with so VAT Loans can investigate and resolve your concerns as quickly as possible. How complaints are handled VAT Loans says it will try to resolve a complaint immediately. Where this is not possible, customers are asked to allow up to five days. Immediate VAT Loans... --- Bribery and corruption Bribery and corruption Contact Us Bribery and corruption Bribery and corruptionConflict of interestContact Us Bribery and corruption Bribery and corruptionVAT Loans will never offer, give or receive bribes or improper payments. We will not participate in any corrupt activity either directly or through a third party. We conduct our business to the same ethical standard and to implement appropriate and adequate procedures. This is to ensure compliance with all relevant legislation on bribery, corruption and prohibited business practices. Conflict of interest Should any supplier or client employee be a family relation of a VAT Loans employee or have any other form of personal relationship with a VAT Loans employee that might represent a conflict of interest, the supplier/client is expected to disclose this fact to the company. Or ensure that the VAT Loans employee does so. Suppliers must also make VAT Loans aware of any organisational conflicts of interest that could prohibit VAT Loans from pursuing work with the same client. Contact Us If you would like more information on our policy, then please get in touch. You can email us on hello@vatloans. co. uk. Contact Us --- Privacy and Cookie Policy VAT Loans takes the privacy of its users seriously. Generally, you can browse through our website without giving us any information about yourself. This Privacy and Cookie Policy describes how we collect and use the personal information. In order that we may provide you with information or services, and a better experience in the use of our website. Contact Us 01494 956 871 hello@vatloans. co. uk 1. Collection of Information 2. How we use collected information 3. Who processes personal information 4. Security measures 5. Access to your information and updating your information 6. Changes to our privacy policy 1. Collection of Information2. How we use collected information3. Who processes personal information4. Security measures5. Access to your information and updating your information6. Changes to our privacy policy 1. Collection of Information VAT Loans collects personal information from you when you submit a request for information, or when you submit your details for any other reason,(such as your name, email address or any other details you provide to us that identifies you as an individual). Only with your consent can personal information be collected. When you browse our Website, we may also log your IP address (information that identifies your computer on the Internet). This lets us know which parts of our Website you view and how long you spend with us. We do not link your IP address to any other personal information that you send to us. 2. How we use collected information VAT Loans... --- FCA – Consumer Duty Financial Conduct Authority – Consumer Duty Regulation effective 31st July 2023 contact us Complaints Handling Process Introduction Background Our focus Our Target Market Complaints More Information IntroductionBackgroundOur focusWhat we have done – TrainingWhat we have done – Review of process and productsWhat we are doing – Disclosure of fees and chargesWhat we have done – Your needsOur Target MarketComplaintsMore Information Introduction With effect from the 31st July 2023, the Financial Conduct Authority (FCA) have introduced a new consumer duty regulation, aimed at protecting regulated clients. The FCA states, ‘The current economic climate and increasingly complex digital environment means it’s more important than ever that consumers can make good financial decisions. ’The FCA are introducing a new Consumer duty setting higher standards of consumer protection. It will require firms (like ours) to put their customers’ needs first and focus on delivering good consumer outcomes. Therefore customers get products and services that meet their needs and offer fair value, and they get the customer support they need, when they need it. With that in mind, we have therefore made a number of changes designed to help protect the regulated clients we work with. Background These regulations are only relevant to sole traders / partnerships of 3 or less where the total amount of finance is under £25,000. Our focus Our focus is how you’ll make sure our customers:get products and services that are right for them, with no rip off charges and feescan easily switch or cancel productscan... --- Modern Day Slavery Statement On this page IntroductionOur organisationOur Business ModelDue diligencePoliciesFurther Steps Introduction This statement is made pursuant to section 54 of the Modern Slavery Act 2015. It sets out the steps taken by Tax Funding in relation to the prevention of modern slavery and human trafficking in its business and business relations. Tax Funding has a zero-tolerance approach to modern slavery both within the company and with partners/customers that we work with. Additionally, Tax Funding is committed to acting ethically and with integrity in its business relationships. We do not discriminate against ethnicity and employs a number of staff with varied ethnicity. Our organisation Tax Funding is a well-established provider of asset finance and leasing for equipment to companies in the UK. Tax Funding also provide a range of loans in the form of VAT, Corporate Tax and Working Capital loans. Our Business Model Tax Funding works alongside a range of partners in providing a fluent asset finance and leasing solution to their customers. With partners operating in a range of sectors from IT equipment to dental equipment and many more. Tax Funding also provides a finance and leasing solution direct to our customers generating leads from a range of marketing activities and business relationships built over years of operating in the finance industry. Having reviewed our business operations and relationships, we believe that we are compliant to the modern slavery act of 2015. Confirmed by our due diligence and fraud checks for every single partner/supplier and customers... --- Vulnerable Customer Policy At VAT Loans, we are committed to providing excellent service to all of our customers, including those who may be vulnerable. This Vulnerable Customer Policy outlines our approach to identifying and assisting vulnerable customers to ensure their needs are met and they receive the necessary support throughout their interaction with us. contact us 1. Introduction 2. Definition of Vulnerability 4. Assisting Vulnerable Customers 6. Staff Training 7. Review and Improvement Actions we take: 1. Introduction2. Definition of Vulnerability4. Assisting Vulnerable Customers6. Staff Training7. Review and ImprovementActions we take: 1. Introduction At VAT Loans, we are committed to providing excellent service to all of our customers, including those who may be vulnerable. This Vulnerable Customer Policy outlines our approach to identifying and assisting vulnerable customers to ensure their needs are met and they receive the necessary support throughout their interaction with us. 2. Definition of Vulnerability A vulnerable customer is someone who, due to their personal circumstances, is at risk of being unable to fully understand, make informed decisions, or access our services in the same way as others. Vulnerabilities may be permanent, temporary, or situational. They may include but are not limited to:1. Hard of Hearing: Customers with impaired hearing who may require additional communication methods to engage effectively. 2. Partially Blind: Customers with visual impairments who may benefit from larger print or alternative document formats. 3. Unable to Read or Write in English: Customers who may have language barriers and require assistance in understanding our offerings.... --- Conflicts of Interest Policy It is our policy to ensure that Tax Funding Limited conducts its business in an honest and transparent way and that our people act with integrity, having interests of our customers at heart. We achieve this through our culture and by having effective controls and processes in place. On this page Conflicts of InterestExamples of where conflicts of interest may arise:Applicable to all our people:Applicable to all Senior Managers and Directors:Policy actions Conflicts of Interest Our regulatory requirements regarding conflicts of interest are set out in:Principle 8 of the FCA’s Principles for BusinessSYSC 10 – Conflicts of InterestThe Companies Act 2006 – Section 175 (“A Director has a duty to avoid a situation in which he has, or can have, a direct or indirect interest that conflicts, or possibly may conflict with the interests of the Company”. )Market Abuse Regulation as amended by the Market Abuse (Amendment) (EU Exit) Regulations 2019. Principle 8 states “A firm must manage conflicts of interest fairly, both between itself and its customers and between a customer and another customer” and this is taken further by SYSC 10 which requires a firm to “take all appropriate steps to identify and to prevent or manage conflicts of interest” both between itself and its customers or between a customer and another customer. Conflicts therefore include those between Tax Funding and a customer, between a person connected with Tax Funding (such as an employee or director, between a person connected with Tax Funding and... --- People and standards Employment VAT Loans embraces diversity and values everyone for their merits. The employment page focuses on equal opportunity, fair treatment, pay, working time, labour standards, and how those responsibilities connect back to customer fairness. View sections Contact VAT Loans Equal opportunity Employment is described as fair and consistent regardless of race, colour, gender, religion, nationality, sexual orientation, age, or disability. Pay and benefits VAT Loans says it pays above the minimum amount and supports equal pay for work of equal value while complying with national rules. Working time The page says employees are not expected to work more than 48 hours regularly and should receive at least one or two non-working days in seven. Labour standards The policy rejects forced labour, human trafficking, and child labour, and says nobody under 18 is employed. On this page OverviewPay and benefitsWorking hoursForced labourTreating Customers FairlyContact Employment overview VAT Loans embraces diversity and values everyone for their merits. The page says each individual is treated fairly and consistently in employment, with equality of opportunity and treatment regardless of race, colour, gender, religion, nationality, sexual orientation, age, or disability. This section is the core employment statement on the live page. It frames employment standards as a fairness and equality commitment rather than a narrow HR rule list. Pay and benefits VAT Loans says it pays above what is deemed to be the minimum amount. It also says it complies with all national regulations on pay and benefits and supports equal pay... --- Company information Tax Funding Limited T/A VAT Loans This page brings together the registered company details, FCA status, data protection information and brand structure referenced on the live VAT Loans website. View company details Contact VAT Loans Quick facts Registered no: 04855916FCA no: 917230Data protection licence: ZA447952Contact: 01494 956 8711 Registered company Tax Funding Limited trades as VAT Loans and is registered in England under number 04855916. 2 Registered address 18 Manor Courtyard, Hughenden Avenue, High Wycombe, Buckinghamshire, HP13 5RE. 3 FCA relationship Tax Funding Limited is listed with FCA registration number 917230 and acts as an Appointed Representative of WestWon Limited. 4 Brand structure VAT Loans Limited is described as a dormant non-trading company created to protect the VAT Loans brand name. On this page OverviewRegistration detailsFCA statusData protectionBrand structureContact Company information overview The live VAT Loans company information page sets out the legal entity details behind the VAT Loans trading name, including registration data, regulatory status, data protection information and notes about the associated dormant brand company. Plain English focus: This page explains who the company is, where it is registered, how its FCA relationship works and how the VAT Loans brand is structured. Registration details Tax Funding Limited trades as VAT Loans and is registered in England under company number 04855916. The registered address listed on the source page is 18 Manor Courtyard, Hughenden Avenue, High Wycombe, Buckinghamshire, HP13 5RE. FCA status The page lists Tax Funding Limited FCA registration number as 917230. It also states that... --- Climate Positive Charter Corporate responsibility Charter Our Corporate Responsibility Charter is our strategy on how we interact with all our stakeholders and the wider environment in a socially responsible way. We are focused on reducing our Carbon Footprint. Some of the ideas we have implemented are: Use of LED lighting throughout our buildings. Insulated ceiling tiles to reduce our energy consumption. Using an outsourced datacentre to house our IT systems in Helsinki powered by solar. Running a paperless office where possible. The introduction of electric cars for employee use. Climate Positive Charter Environmentally responsible Here at VAT Loans we are making steps to become more environmentally responsible. We are doing this whereby WestWon Limited, our associated company , is teaming up with Ecologi, a business dedicated to reducing the levels of our planet’s carbon pollution. Climate positive member In addition to this, we are joining Ecologi’s Climate Positive Workforce. This means every member of the WestWon Limited team will become climate positive. This is done by all our carbon emissions being assessed, calculated, and then offset by the planting of the applicable number of trees until we are carbon neutral as a company. What we do There has been a lot of emphasis placed upon our current climate crisis – and quite rightfully so. Subsequently, it has driven us to making this a priority of ours. We have been a paperless company for nearly a decade now. We have LED lighting in all our offices and insulated ceiling tiles to... --- Family Here at VAT Loans we are proud to be affiliated with the companies below, through our associated company WestWon Limited. Whether it’s an associated company, an acquisition or WestWon having a small equity stake in the business itself, we are honoured to be associated with them. As part of our strategy to grow, we are continually evaluating our competitors with the view of acquiring them. If you operate in the VAT funding sector and are looking to sell your business or client base, please call us. --- VAT Loans VAT Funding for Companies VAT Bill - Over 3 months From £5,000. 00 Amount £ Calculate Apply Now for Free As with all financial agreements, this quotation is subject to approval based upon the credit status of the company applying. Monthly Repayments £0. 00 Total Amount Repayable £0. 00 Enter your bill and calculate your funding. × Please enter your contact details Funding Details £0. 00 over 3 months Monthly Repayments £0. 00 Total Amount Repayable £0. 00 Company Name Contact First Name Contact Last Name Email Address Phone Number Website Submit Application Why VAT Loans? More and more UK based companies are utilising VAT Loans to help with their business cash flow. Historically, we’ve predominantly seen professions such as accountants and solicitors take advantage of VAT Loans. However, we’re now seeing all types of businesses take advantage of these loans, especially for growing businesses. Any business registered for VAT can benefit from a VAT Loan, with loans starting from £5,000+. Having this flexibility, as well as being able to spread your VAT bill over 3 months, will therefore help your company’s cash flow as well as many other benefits. Your VAT bill can be paid directly to HMRC to avoid late payment fees. You as the business then make three monthly repayments to us which normally start 30 days after the agreement has gone live. This provides you with additional cash flow, an alternative funding line and fast direct payment. Not to mention also eliminating tight and... --- Get your VAT refund in as little as 24 hours Our partner, Adsum’s, InstantVAT product enables you to get your VAT refund in as little as 24 hours after submission. No admin or paperwork is required and setup takes less than 5 minutes. Currently priced at a 2% transaction fee. Avoid the hassle of long HMRC waits InstantVAT has a speed guarantee at least 3 working days faster than HMRC. It’s HMRC accredited and works alongside HMRC to make sure you receive your VAT refund as fast as possible. Business as usual, but faster. No paperwork or process changes. Receive your VAT refund as soon as HMRC verifies it. How instant VAT refunds will work for you Submit yout VAT return After your account has been set up, you or your accountant submits your VAT return the same way your normally do. Its business as usual Sign up for an Adsum Account It takes less than 5 minutes. Let us know where you want your VAT refund to be sent and connect your HMRC account Reveice yout VAT redfund master After your account has been set up, you or your accountant submits your VAT return the same way your normally do. Its business as usual FAQs About How does Adsum’s process differ from HMRC? Adsum streamlines the process to get your VAT repayment to you faster. Here’s how it works: Instant release after verification: Adsum releases your payment immediately after step 1, he verification of your submission amount. Additional steps... --- Commercial Property VAT Loans Finance VAT on a commercial property When you are buying a commercial property, the selling agent’s details will clearly say VAT will not be applicable or the asking price +VAT. If you have found a commercial property for sale and VAT is payable, then one of the first things to think about is how to fund the VAT? How to fund the VAT? VAT on the purchase and sale of a property is payable upon completion. Even if you set up an SPV, once you have completed the documentation, and HMRC have done their checks, HMRC will send the VAT money back to you. Therefore this process can take from a few weeks to six months. With most commercial properties being acquired via a mortgage, the first thing to realise is that the mortgage company will not fund the VAT. However what other options are there available to you? Pay the VAT yourself and then reclaim it. Take out a commercial property VAT loan through us. So, how does it work? The process of applying and obtaining a commercial property VAT loan is very simple. Initially we will have a quick conversation with you to obtain some more information. For example the VAT Loan amount, completion timescales, type of commercial property (offices, warehouse etc) and details of your plans for this property. Once we have this information you will then receive indicative terms. If you wish to go ahead, you will be asked for the following... --- Professional Indemnity Insurance Finance Why Professional Indemnity Insurance Finance? Professional Indemnity insurance funding explained Professional insurance, often referred to as PI Cover, is a must have insurance policy for those UK companies who offer advice or a service to clients. However, depending on what type of business you are, the yearly insurance premium can be one of the largest costs outside of payroll and office rent. As opposed to paying the premium in one lump sum up front, we can finance this for you and break down the yearly cost to a monthly premium. Therefore in effect, you are paying and budgeting for PI cover over the term of the policy. Can you finance professional indemnity insurance? Yes, subject to credit, we can fund your PI cover over a one-year period. Of course! How does it work? Provide Your PI QuoteThe process of acquiring funding is very simple. Firstly, we will need a copy of your PI quote from your insurance company. Receive Your Monthly Repayment QuoteThen we can immediately send you a quote so you can see the monthly repayments Approval & Submission to LendersOnce you approve, we will then send your details to one of a panel of UK professional indemnity finance providers on our panel of lenders. Credit Acceptance (Up to 48 Hours)Normally, it will take up to 48 hours to obtain a credit acceptance. Complete the Loan Agreement Online We send you the loan agreement by electronic signature, which you therefore complete online. Payment & Monthly... --- Resource Center Welcome to the VAT Loans Resource Centre, our knowledge hub designed to help you better understand how our products and services work. Here you can learn more about the process you will experience as a customer and the benefits of the finance solutions we provide. Below you will find a range of downloadable guides and information sheets covering our VAT loan products and related business finance solutions. Simply choose the documents most relevant to your business needs. We hope you find these resources helpful. If you have any questions or would like to discuss your requirements, our team will be happy to assist you. Get in touch I would like to learn more about... --- Contact us Speak to our team about arranging short-term tax funding for your business. Whether you need help with a VAT bill, Corporation Tax payment or another business finance enquiry, VAT Loans can guide you through the options available and help you move quickly with a straightforward application process. Enquiries Contact 01494 956 871 hello@vatloans. co. uk 18 Manor Courtyard Hughenden Avenue High Wycombe Buckinghamshire HP13 5RE --- VAT Loan Calculator Use our VAT loan calculator to estimate how your company could spread a VAT bill over three monthly repayments instead of paying the full amount in one lump sum. Enter the VAT amount you want to fund to see an indicative VAT finance repayment figure before applying. VAT loans are available to UK limited companies only and are subject to status, affordability and lender approval. VAT finance repayment estimate VAT Loan Calculator for UK Limited Companies Use the VAT loan calculator below to estimate how your company could spread a VAT bill over three monthly repayments instead of paying the full amount in one lump sum. Enter the VAT amount you want to fund to see an indicative VAT finance repayment figure before applying. VAT loans are available to UK limited companies only and are subject to status, affordability and lender approval. The result is a guide, not a formal finance offer, but it can help you understand whether funding a VAT liability may support cash flow before payment to HMRC is due. Three monthly repaymentsEstimate how VAT finance could split a VAT bill across three repayments. UK limited companiesDesigned for limited companies with a VAT bill due or upcoming. Indicative VAT loan resultFinal repayment terms depend on approval, affordability and lender checks. VAT Funding for Companies VAT Bill - Over 3 months From £5,000. 00 Amount £ Calculate Apply Now for Free As with all financial agreements, this quotation is subject to approval based upon the... --- Climate Positive We aim to plant 100,000 trees in the next 5 years We aim to remove tonnes of CO2 in the next five years 7,500 Our tree planting scheme Here at VAT Loans our sister company, WestWon Limited, is continuing to expand their green agenda. They have teamed up with a company called Ecologi. They plant trees on behalf of over 11,000 companies and also offset carbon in order to help fight climate change. WestWon does this by calculating our employees emissions. Therefore they plant trees or funding climate projects that will neutralise those emissions. Just like our sister company, we will be planting a tree for every month of your lease agreement with us. For example, for a 5 year agreement, that’s 60 months, and 60 trees planted! We can’t wait to help our climate further. As well as this we will ensure the safety of our future planet. If you would like to join us on our journey and help contribute, then please reach out and contact us. You can alternatively view the virtual WestWon woodland here. Our current numbers 42,345 trees planted in the WestWon Woodland 3,175. 88 tonnes of carbon reduced from the atmosphere Proud winners of Net Zero Business of the Year Award 2022 Frequently Asked Questions How can I view my contribution For now, we will be known as a ‘climate positive workforce’. This means we are simply positively contributing to the environment. When we have offset our carbon for our employees we... --- Meet The People Behind VAT Loans All Associate company Driectors IT / Acounts Management Operation Sales All Associate company Driectors IT / Acounts Management Operation Sales At VAT Loans, our people are the foundation of our success. We are incredibly proud of the talented and dedicated team behind our business. Our team combines decades of experience in business finance with fresh energy and new ideas. Some members have worked in the finance industry for over 40 years, while others are at the beginning of their careers, bringing enthusiasm and a fresh perspective. Together we share helping UK businesses manage their VAT payments quickly, professionally and with confidence. Decades of Finance Experience Across our group companies we have over 330 years of experience in business finance, lending and leasing, giving our clients confidence they are working with knowledgeable professionals. Real People, Real Support Real people will answer you call, in working hours within three rings. What We Are We are a people-focused business, operating from offices in the UK as well as working remotely and internationally. We believe in transparency and fully disclose our corporate information so you always know exactly who you are dealing with. and What We Are Not What we are not is an anonymous online lender hiding behind automated systems or AI chatbots. When you contact us, you will speak with a real member of our team who understands business finance and is ready to help. Directors Jeremy Hall Chief Executive OfficerWestWon Limited
37 years in business finance... --- Data protection statement General Data Protection Regulation This page explains how VAT Loans handles personal data, consent, data sharing, security, individual rights and complaints under GDPR. Contact VAT Loans View your rights Questions about your data? A VAT Loans Data Controller will respond to GDPR and data questions within two working days. Phone: 01494 956 871Use the contact page1 Transparency Customers must be told what is done with their personal data, why it is used and what rights they have. 2 Control Customers have more control over access, correction, deletion, objection and how long data is kept. 3 Consent VAT Loans records when consent is given and expires consent seven years after it has been given. 4 Security The company uses cloud storage, controlled CRM access, staff training and password protection. On this page IntroductionControllers and processorsLawful basis and consentData held and whySharing dataSoft opt-inCompliance actionsYour rightsBreach and complaints Introduction General Data Protection Regulation applied to all EU states from 25 May 2018. GDPR gives people more control over how their personal data is used and gives businesses a clearer legal environment in which to operate. VAT Loans states that it has always complied with data protection laws and regulations surrounding personal data. The company changed processes and policies to support GDPR compliance from 25 May 2018. What changed under GDPR? The two main themes are transparency and control. Customers should receive more information about the use of personal data and have stronger rights over that data. Data Controllers and... --- Corporation Tax Loans Funding for Companies Corporation Tax Bill From £8,000. 00 Bill amount £ Select Repayment Terms in Months 6 12 Calculate Apply Now for Free As with all financial agreements, this quotation is subject to approval based upon the credit status of the company applying. Monthly Repayments £0. 00 Total Amount Repayable £0. 00 Enter your bill and calculate your funding. × Please enter your contact details Funding Details £0. 00 over 3 months Monthly Repayments £0. 00 Total Amount Repayable £0. 00 Company Name Contact First Name Contact Last Name Email Address Phone Number Website Submit Application This type of loan is essential for any UK business that has a HMRC Corporation Tax bill to be paid. The Process The process of applying for a Corporation Tax Loan is quick and simple. We will need some information from you such as your company accounts, potentially management figures and your last three months bank statements. Once you have signed the simple and easy to read loan document, we process the information. We then pay HMRC stating your unique tax reference. (UTR) Our funders have undertaken thousands of these Corporation Tax loan agreements in the past, so it is all perfectly acceptable with HMRC. You then make a regular loan repayment until the loan is repaid in full. You can pay over a term of three months up to eighteen months, depending on what you would like to do. Normally, the repayments start a month after HMRC have been... --- Background of VAT Loans VAT Loans is the trading name of Tax Funding Limited, a finance company established in 2003 Our associated company, WestWon Leasing Limited is one of the UK’s oldest leasing introducers and will celebrate its 50th anniversary in June 2026. This long history in business finance gives our customers confidence that they are working with an experienced and reliable provider. 11,712 Clients 20 Years in business 52 UK based lenders £15,000,000 £15 mil Finance from £5k to £15m 100% Clients Why choose us? Thank you for taking an interest in VAT Loans. Our business is simple. We help UK companies access short-term VAT loans to pay their HMRC VAT bills. We have invested heavily in technology to make the application process quick and straightforward. Using electronic documentation and streamlined underwriting, we can often arrange VAT loan funding and have HMRC paid within 24 hours of receiving your enquiry. Over the years we have assisted hundreds of UK businesses in paying their VAT liabilities, releasing tens of millions of pounds of working capital back into those businesses. Our team focuses on delivering a professional, efficient service and the best possible outcome for every client. Our clients come to us for several key reasons Competitive VAT loan rates High acceptance levels Fast and efficient service Our mission is simple — to be the UK's Leading introducer of VAT loans. Our Mission Our mission is simple: to be the UK’s number one introducer of VAT loans. Celebrating 50 Years in... --- Let’s talk VATLoans VAT loans are a fast and effective way of maintaining healthy cash flow. As you may have gathered from our name, we just offer VAT loans for UK companies. We are a trading name of Tax Funding Limited, who in 2023 celebrated 20 years in business. Find out more Enquire now VAT Funding for Companies VAT Bill - Over 3 months From £5,000. 00 Amount £ Calculate Apply Now for Free As with all financial agreements, this quotation is subject to approval based upon the credit status of the company applying. Monthly Repayments £0. 00 Total Amount Repayable £0. 00 Enter your bill and calculate your funding. × Please enter your contact details Funding Details £0. 00 over 3 months Monthly Repayments £0. 00 Total Amount Repayable £0. 00 Company Name Contact First Name Contact Last Name Email Address Phone Number Website Submit Application A VAT loan is simple to sort, just like using our VAT Loan calculator No need to enter your details
 £5,000 to £9,999,999 Press the “Calculate” button Takes less than a minute to apply We pay HMRC on or before the 7th of the month. You make three monthly repayments starting a month later Why choose us? Decision within 24 hours Industry leading rates 5 star customer service E-Sign Documents 95% rate 20 Years experience With over 20 years experience in the finance sector, we have a deep understanding of the industry and are well-equipped to assist you with all your financial needs.... --- --- ## Posts A Legitimate Introduction from vatloans. co. uk/ If you have recently received a call from 01494 956 871, this was a genuine introductory call from vatloans. co. uk/, a UK-based VAT finance provider. From 9th March 2026, we are contacting accountancy firms across the United Kingdom as part of a structured outreach programme to introduce our specialist VAT loan services for UK businesses. This page has been published for full transparency, so accountants can verify who we are and why we may be contacting your practice. Calls From 01494 956 871 Are Legitimate Telephone calls made from 01494 956 871 are official calls from vatloans. co. uk/, a trading name of Tax Funding Limited. If you search this number online, you may see this page — that is intentional. We want firms to be able to confirm: The call is genuine It is not spam It is not a scam It is not an automated AI system All calls are made by real team members introducing our VAT funding services. You are always welcome to call us back directly on 01494 956 871 to verify the conversation. What Is vatloans. co. uk/? vatloans. co. uk/ provides short-term business finance to help UK companies spread the cost of their HMRC VAT liabilities over manageable monthly payments. Rather than paying a full quarterly VAT bill in one lump sum, eligible businesses can: Spread payments over an agreed term Protect working capital Avoid unnecessary cash flow pressure Reduce the need for HMRC Time... --- Initially, when our clients call us, they’re often racing against time to pay their VAT bill before the 7th of the month deadline. . Our blog here outlines the options available companies if they're unable to pay their VAT bill on time. Call HMRC prior to the date your VAT bill is due. HMRC are reasonable people, they will try to help out if they can with a time to pay arrangement. A TTP arrangement gives your company breathing space, but you must make all repayments by direct debit and ensure they’re paid on time. HMRC reserve the right to cancel a TTP arrangement if the direct debit bounces or you do not keep to the agreement. However, there are many reasons why business owners / Financial Directors / Companies do not wish to speak to HMRC. It maybe you already have a TTP arrangement in place for PAYE or simply just do not want the hassle. You cannot just not pay the VAT bill, this will just lead to a fine and potentially much more serious action. There is another solution and that is to take out a VAT loan. It is a quick and easy process to apply for a VAT loan. It is perfectly acceptable for a loan provider to pay HMRC directly, many thousands of companies every month are using VAT loans to pay their VAT bills. The VAT loan provider, such as ourselves, use your VAT number as the reference. HMRC automatically allocates the monies... --- In any business venture, financing is one of the most critical driving forces behind its success or failure. As a business owner, you need to weigh up all the available options to decide what works best for your company. In this blog post, we’ll be exploring the pros and cons of VAT loans vs. traditional financing. Pros of VAT Loans: Instant Cashflow without Interest Charges One of the most significant advantages of a VAT loan is that it enables you to forward your VAT returns without facing penalties or charges. Typically, businesses have to pay interest charges, especially if they have outstanding payments. With VAT loans, you’ll receive the money instantly, which helps avoid interest charges and penalties. No Requirement for Security Unlike traditional financing, VAT loans don’t require collateral. The business doesn’t need to provide any security or put any assets on the line. In other words, if the business is unable to pay, there’s no risk that they’ll lose any assets. Cons of VAT Loans: Limited Purpose Loan A significant disadvantage of a VAT loan is that it’s only designed to cover VAT bills. It’s not intended for other expenses such as business expansion, capital improvements or payroll. Nonetheless, for short-term solutions that require immediate cash, VAT loans are an excellent option. Some Providers have Limitations While VAT loans are an innovative form of lending for businesses, not all companies offer this service. The availability of VAT loans to your business depends on the provider and their conditions.... --- At Tax Funding, most of the blogs we write focus on how we can help UK companies pay their HMRC VAT bills by way of a short-term business loan. Here, we would just like to talk about our company, our plans for the future and why if you are looking to fund a VAT bill, you should come to us. vatloans. co. uk/ is not the only company in the UK offering VAT loans for companies. A quick Google search will give you a list of companies that operate in this space. There is nothing new about this product, funders have been providing VAT loans for years. Whilst the product is very generic, other than price or service, there is very little difference between a loan we provide and one that another VAT loan provider offers. So what makes us special? Why come to us as opposed to another company? We have access to numerous funders who are happy to fund VAT bills, you may refer to us as a broker. Just because one funder / broker may have declined your company for credit, it does not mean that we would. As you can see from our company name, Tax Funding Limited, we are focused on business lending to one sector. Our brand name, vatloans. co. uk/ says exactly what we do. Our team understand how VAT funding works, they have a lot of experience in this type of funding, they know what the HMRC deadlines are and the importance... --- A VAT loan is a type of financing that can provide you with the cash needed to cover your VAT obligation to HMRC. If you're considering applying for a VAT loan, here's a step-by-step guide to help get you started. Step 1: Understand your VAT liability The first step in applying for a VAT loan is to understand your VAT liability. This involves understanding the amount of VAT you owe to HMRC and ensuring that your VAT returns are up to date. Your VAT returns should reflect all VAT that has been charged on the sales you have made to your customers and any VAT that has been charged on the purchases you have made. It is important to ensure that your VAT returns are accurate as any discrepancies may delay the loan application process. Step 2: Gather the required documentation When you have found a lender that meets your needs, the next step is to gather the required documentation. This will typically include your VAT returns, financial statements, and business plan. The lender may also require information about your credit history and any previous loan repayments. However, providing accurate and up-to-date information is important as it will help to speed up the application process. Step 3: Complete the application Once you have gathered all the necessary documentation, the next step is to complete the loan application. This will typically involve filling out an application form and providing the supporting documentation. Be sure to read the application form carefully and... --- One financial aspect that business owners must understand is VAT financing. Whether you're a new business owner or a seasoned one, navigating through the complexities of VAT financing can be quite challenging. If you're struggling to manage your VAT or looking for ways to maximize cash flow, this blog outlines some useful tips and strategies to help in navigating VAT financing with ease, as well as the tips and strategies needed. Understanding your VAT: The first step in navigating VAT financing is understanding your VAT. By law, businesses must collect VAT on behalf of HMRC and ensure that it is paid promptly. However, not all VAT is equal. Depending on the type of business you run and the industry you're in, your VAT liability may vary. Therefore, it is essential to understand the VAT you're required to pay and how it impacts your cash flow. Keep track of your VAT return deadlines and payments to avoid any penalties. VAT Financing Options: One of the most useful strategies to improve cash flow is to use VAT financing options. Some businesses opt to finance their VAT payments by borrowing from banks, traditional lenders or using invoice discounting to obtain funds through unpaid invoices. There are also other flexible VAT finance options available in the market. It is essential to research the different VAT financing options and choose one that works best for your business. Maximizing Cash Flow: Another way to manage your VAT financing is to maximize your cash flow. One strategy... --- In business, anything can happen. You can have a plan in place, but the unexpected can always occur. Being able to handle the unexpected is crucial not only to survive but to thrive as a business owner. The key is being prepared. In this blog post, we will discuss how you can formulate a contingency plan for the unexpected. Identify Potential Risks The first step in formulating a contingency plan is identifying potential risks. This includes any potential threats to your business that could disrupt operations, such as natural disasters, cybersecurity breaches, supply chain disruptions etc. Be proactive and take all possible measures to minimise the risk of such incidents happening. Create a Plan of Action Once you have identified potential risks, the next step is to create a plan of action. This plan should outline the steps that need to be taken in the event of an unexpected event. Make sure this plan includes critical components such as communication channels, emergency response, and a recovery plan. Assign Responsibility Make sure that each member of your team understands their role and responsibilities in the event of an unexpected event. Assign key personnel or teams to handle the different critical components of your plan. Creating a contingency plan is not just about having a plan written down somewhere, but about ensuring everyone is ready and prepared to act when necessary. Test Your Plan One of the most important aspects of any contingency plan is testing. Regular testing of your plan helps... --- VAT Loans and HMRC VAT Time to Pay arrangements. Whilst both are great ways to relieve cashflow pressures in your business, it may not be clear which is the best option for you. In this article, we’ll compare a VAT loan to an HMRC TTP agreement. Whilst our domain name indicates that we specialise in VAT loans, we’ll strive to present an impartial perspective. What is a HMRC TTP arrangement? If you owe debt to HMRC—whether it's PAYE, Corporation Tax, personal tax, or VAT—you can contact HMRC directly to pay the tax bill over a period of time. This arrangement can span from one month to five years, depending on the type of debt and your circumstance. Typically, you’ll make the request over the phone, and an HMRC representative can often finalise the details during the call. Once you agree on the terms, HMRC will establish a direct debit and send you a confirmation letter. So, if the process is so straightforward, why doesn’t every company choose this option? Benefits of TTP arrangement No personal guarantee needed. When you sign a TTP, HMRC do not require a personal guarantee. For many of our customers - excluding larger companies and certain professions like architects, accountants and solicitors - we would require a personal guarantee. The HMRC interest rates are lower than VAT loans. HMRC may grant a longer repayment term for the VAT bill, i. e. a period of six months to a year instead of three months when we arrange... --- Have you ever wondered what kind of documents you need to provide when applying for a loan? It can be a daunting task to figure out what needs to be submitted, especially if you have never applied for a loan before. That is why we have created this comprehensive guide to help you understand what loan documents are required and why they are important. In this article, we will cover a thorough guide to loan documents submission. Business Plan One of the most important documents when applying for a loan is your business plan. This document should contain a detailed description of your company, your business model, your target market, and your financial projections. It is essential to show the lender that you have a clear understanding of your business and that you know how to make a profit. Your business plan should be well-written and easy to read. Financial Statements When applying for a loan, you will need to provide financial statements that show the financial health of your business. These statements should include your income statement, balance sheet, and cash flow statement. They should be up-to-date and accurate so that lenders can evaluate your ability to repay the loan. Financial statements also show the lender whether you have enough cash flow to cover your operating expenses. Tax Returns Tax returns are another crucial document that lenders will request, including personal and business tax returns. Most lenders require three years of personal tax returns coverage to evaluate your overall... --- This year in the UK,10,400 firms of solicitor’s will bill circa £50bn in fees and collect £10bn in VAT for HMRC. This is expected to grow to £53bn in 2025 and over £60bn in 2027. Even after taking into account input VAT, that is a massive amount of VAT paid to HMRC. Whilst there may be mutterings that your finance teams are unpaid tax collectors, paying HMRC every quarter can sometimes be challenging. The more successful you are, the greater your billings, the more your quarterly VAT bill is. Added to this is the issue of work in progress. Your unbilled work does not attract VAT, but the wages and other associated business costs still have to be met very month. Solicitors in the main are very diligent about paying their HMRC VAT bills on time every quarter. This is one of the reasons why VAT financing for solicitors is so popular. So what is HMRC VAT financing and how does it work? It is actually a very simple loan product that has been around for many years. Let’s take an example of a legal practice with a £50,000. 00 VAT bill due on the 7th of November 2024. Go onto our free VAT loan calculator on the VAT Loan page of our website. Put in £50,000. 00 as your VAT bill. It will calculate exactly what the monthly repayment will be over three months, in this case, £17,618. 33 per month, giving a total to be repaid of £52,855.... --- The current economic climate is uncertain and unpredictable, causing many business owners to worry about the future. However, amidst the chaos, there are also opportunities for growth and expansion. The key is to stay focused, be creative, and take calculated risks. In this blog post, we will discuss strategies that can help you expand your business amidst economic uncertainty. Explore New Markets One way to increase your revenue and expand your business is by exploring new markets. Do your research and find out if there are untapped markets that you can target. For example, if you run a local restaurant, you could consider expanding your delivery services to neighbouring towns or catering to corporate events. Similarly, if you sell products in physical stores, consider launching an e-commerce website to tap into the online market. Diversify Your Offerings Another way to expand your business is by diversifying your offerings. Consider adding new products or services that complement your existing offerings or target a different audience. This will help you cater to a wider range of customers and reduce your reliance on a single product or service. For example, if you run a clothing store, consider adding accessories or launching a separate line of clothing for a different age group. Build Strong Relationships Building strong relationships with your customers, suppliers, and partners is crucial, especially in uncertain times. Make an effort to understand your customers' needs and preferences and provide exceptional customer service. Similarly, establish strong partnerships with your suppliers to ensure... --- In this article, we delve into the intricacies of HMRC Loans, offering a comprehensive guide to navigate their process. Securing a bank loan can be a drawn-out, challenging task. Their lending policies often pose difficulties if you're aiming to borrow merely £8,000 for a quarterly term. For UK-based firms unable to pay their VAT bills and facing potential 15% HMRC penalties, relief might be on the way. Surprisingly, a variety of reasons lead companies to choose tax funding firms like VAT Loans. This enterprise thrives on facilitating numerous small-profit, short-term loans - all having repayment durations between three months to a year. There are no hidden charges or document fees that banks usually levy for profit. Our system is straightforward and swift. Transparent documentation allows customers to decide without apprehension. We require details such as the following: Your borrowing amount (£8,000 to over £1m) Repayment duration (Three months to a year) Preference for initial direct debit repayment timing Your company's name and contact info. Upon receipt, we perform swift financial background checks and often provide loan approval indications within minutes, subject to full approval. Personal guarantees from the majority shareholders are obligatory for these HMRC tax funding loans, providing lenders with added security. You assure us that your business will continue operating in the next three to twelve months. In case you halt operations after paying the HMRC bill from the company's reserves, you stand to lose only the interest paid. We will seek your consent for a personal search,... --- In the world of business, there are many financial challenges companies face, one of which is VAT. Some companies struggle to finance VAT payments, while others seek innovative ways to improve VAT financing. In this blog post, we’ll explore the future of VAT financing, including trends and innovations that can help businesses overcome these challenges. Use of Technology The future of VAT financing is heavily reliant on technology to simplify VAT calculation and payment processes. An example is the increase in cloud-based accounting software that is integrated with tax systems. This integration helps businesses to automate their VAT calculations, reducing the risk of human error. In addition, online platforms and APIs that facilitate easy VAT refund claims have emerged and gained popularity in recent years. Specialised Financial Services With the increasing demand for VAT financing, specialized financial services have emerged to help businesses manage their cash flows and accelerate VAT refund claims. These services provide financing solutions that enable companies to benefit from prompt VAT refunds without affecting their cash flow. Specialized financing companies collaborate with the tax authorities to verify VAT claims and ensure the process adheres to the relevant tax regulations. Collaborative VAT Recovery Efforts As more companies explore new ways of financing VAT payments, tax authorities and other industry players collaborate to simplify the VAT recovery process. This collaboration involves tax authorities working with businesses to facilitate VAT recovery claims using technology innovation. VAT Bonds VAT bonds are another innovative means of financing VAT payments. This financing... --- Without cash coming in and flowing out, growth and success can be extremely difficult to achieve. One issue that many business owners face is managing their VAT payments and ensuring they have enough cash to cover them. This is where VAT loans can come in handy. In this blog post, we’ll take a closer look at VAT loans, why they can be useful, and how to use them to optimise your cash flow. Why are VAT loans useful? There are a number of reasons why VAT loans can be helpful for businesses. Firstly, they can provide the cash needed to cover VAT payments. This allows businesses to avoid penalties and fees for late payment. Secondly, VAT loans can help businesses to manage cash flow more effectively. This is done by spreading the cost of VAT payments over a period of time. This can help to free up cash for other business operations and investment. Finally, VAT loans can be a useful tool for businesses that are going through a period of growth or expansion, allowing them to manage their cash flow more effectively. How do you use VAT loans to optimise cash flow? To optimise your cash flow using VAT loans, it’s important to plan ahead and understand your VAT payment schedule. This will enable you to identify periods where cash flow may be tight and plan accordingly. When applying for a VAT loan, it’s important to shop around to find the best deal. Therefore take into account interest rates,... --- Starting your own business is a massive accomplishment. As a start-up owner, you’re passionate about making your business succeed, and the last thing you want is any financial constraint hindering your growth. However, sometimes it seems like the expenses of running a business are endless, from buying office equipment to paying staff salaries. One aspect of business that many start-ups often overlook is VAT loans. VAT loans for start-ups is an excellent way to help in funding your business growth, and this blog post is going to walk you through everything you need to know. What is a VAT loan? A VAT loan is a loan meant to help you pay Value Added Tax (VAT) payable on goods and services. When you’re a registered VAT entity in the UK, it becomes mandatory to file VAT returns and make VAT payments, which can be an additional financial burden for start-ups. VAT loans can enable you to spread the cost of VAT payments over a more manageable period, freeing up cash flow for other areas of business growth. Why are VAT loans essential for start-ups? Start-ups often operate on a tight budget, making access to working capital crucial to fund different aspects of growth. VAT loans are a form of working capital and can significantly help bridge the gaps between cash flow and financial obligations. Additionally, taking a VAT loan can also help you build-up good credit history, which can be beneficial when seeking additional funding options in the future. How can... --- One way smaller businesses can acquire necessary funds is through Value Added Tax (VAT) loans. VAT loans are designed to alleviate the cash flow constraints caused by VAT payment delays by the government. These loans offer a convenient way for businesses to address short-term financial complications and help maintain a steady cash flow. In this blog post, we will explore why VAT loans are vital for the growth of small businesses. 1. Helps to Keep Cash Flows Steady Small businesses can suffer from inconsistent cash flow, with buying inventory or paying staff on time becoming a challenge. With VAT loans, businesses can keep their cash flows consistent and improve their financial stability. These loans are therefore designed to help businesses manage payments by offering a cash advance ahead of their VAT payments. This allows businesses to take care of bills and expenses, and avoid late payments and penalties. 2. Offers Flexible Repayment Options One of the most significant benefits of VAT loans is their flexibility. Businesses can therefore choose to repay VAT loans over a few months to up to a year. This offers businesses the ability to make repayments in a manageable and practical fashion. The repayment plans for VAT loans can be tailor-made to fit the specific needs of the business. This allows businesses to regain control of their finances without incurring additional debt. 3. Boosts Growth and Expansion VAT loans are specifically designed to help small businesses improve their cash flow and help them grow. They are... --- As a business owner, you are always looking for ways to grow and expand your business. One of the key ways to do this is by taking advantage of VAT loans. VAT loans allow you to borrow money against the VAT that you are owed by HMRC. This can be a great way to access funds that you need for various business purposes. In this article, we will explore how they work and how you can be maximising your business potential with VAT Loans. How do VAT loans work? A VAT loan is a type of business loan that allows you to borrow money against the VAT that you are owed by HMRC. When you sell goods or services, you charge VAT to your customers and collect this money on behalf of HMRC. However, you only pay HMRC the amount of VAT that you have collected from your customers. This means that there is often a lag time between when you collect the VAT and when you pay it to HMRC. This is where VAT loans come in. You can borrow money against the VAT that you are owed, which means that you can access funds before you have actually paid the VAT to HMRC. How can VAT loans help you maximise your business potential? VAT loans can be used for a variety of business purposes. For example, you may need to purchase new equipment, hire staff, or invest in marketing campaigns. By taking out a VAT loan, you can... --- Managing financials is one of the most crucial aspects that you need to take care of when running a business to ensure the smooth running of your enterprise. And among all financial aspects, Value Added Tax (VAT) can be quite confusing for you, especially if your business operates in different countries and regions. However, if you need cash for your VAT obligations, VAT loans can be an excellent solution. The ultimate VAT loan checklist for businesses below will help you get started. Understand What Is VAT The first step towards taking a VAT loan is to understand the tax and its implications. Value Added Tax, as the name suggests, is a tax added at each stage of production and distribution. The final consumer pays for it, but businesses collect it on behalf of the government and claim back the VAT they've paid on their input. The percentage of VAT may vary depending on many factors such as the products or services types or the country where your business is located. Evaluate Your VAT Obligations The next step is to evaluate your VAT obligations. If your enterprise is small and has a low VAT threshold, you may not need to collect VAT. Ensure that you hire a skilled VAT expert who can review your VAT obligations and provide you with personalised guidance. Check Your Financial Health Lenders use your financial statements and cash flow projections to determine if you are eligible for a VAT loan. So, make sure that your financial... --- As a business owner, you know how frustrating it can be to wait for your tax refund. It always seems to take forever to come through. However, there's now a new way of getting your refund quickly and efficiently. It's called Adsum, and it's revolutionising the way businesses get their tax refunds. In this blog post, we'll be exploring all the benefits and how you can say goodbye to waiting for tax refunds using Adsum. 1. How Does Adsum Work? Adsum is a smart software developed to help businesses navigate the tax refund process. It does this by streamlining the entire process from start to finish. Firstly, Adsum's smart algorithms identify any possible tax refunds or allowances that your business is eligible for. This includes all types of business structures, from sole traders to limited companies. Once it identifies your tax refunds or allowances, Adsum automatically submits your claim to HMRC on your behalf. Therefore you don't have to worry about filling out any paperwork or navigating the complex tax system. You can simply sit back and relax, knowing that Adsum is doing all the hard work for you. 2. What Are the Benefits of Using Adsum? The benefits of using Adsum are clear. Firstly, it saves you time. You don't have to waste hours filling out paperwork or trying to figure out the tax system. Secondly, it saves you money. Adsum's algorithms are designed to identify every possible tax refund or allowance you're eligible for, maximising the amount of... --- Did you know that VAT loans can provide significant financial support when it comes to managing your business's cash flow? As a form of short-term financing, VAT loans can help you boost your cash reserves. It also helps pay your bills on time and take advantage of new opportunities without impacting your bottom line. In today's blog, we will discuss everything you need to know about how VAT loans can help your business thrive. What is a VAT loan? A VAT loan is a type of short-term financing that helps businesses finance their VAT obligations. It is a loan based on a business's future VAT returns, which the lender will advance to the business owner. This type of loan can be useful to businesses that struggle with cash flow issues. It enables them to manage their cash effectively and avoid any penalties incurred due to missed VAT payments. How does it work? A VAT loan works similarly to other types of loans, albeit with a few distinct differences. When a business applies for a VAT loan, the lender will assess the business's VAT return and its likelihood of repayment. Once approved, the lender will typically advance the business owner up to 80% of their anticipated VAT return. The business owner can then use the loan to pay their bills and manage their cash flow effectively. What are the benefits of VAT loans? One of the primary benefits of VAT loans is that they can be used to manage a business's... --- Running a business is no small feat, and managing your finances is a key component of that. One major expense that causes concern for many business owners is Value Added Tax (VAT). VAT is a tax that businesses charge on their goods and services, and business owners must then pass this tax on to HM Revenue & Customs (HMRC). For many small businesses with limited cash flow, VAT can be a real strain on finances, especially when the payment deadline is just around the corner. This is where VAT loans come in. In this comprehensive guide, we will walk you through everything you need to know about VAT loans so you can make an informed decision for your business. What is a VAT Loan? Simply put, a VAT loan is a type of loan that allows businesses to cover VAT payments much more comfortably. With a VAT loan, a lender will pay HMRC directly on behalf of the business, and the business owner will then repay the loan in instalments. This spread-out payment method helps ease the burden on businesses who can't afford to make one large VAT payment upfront. If you're in a position where you are struggling to pay VAT, a VAT loan could be the solution for you. How Does a VAT Loan Work? VAT loans work in much the same way as other loans. You will need to apply for the loan with a lender and provide some necessary documentation. After approval, the lender will pay... --- VAT and Corporation Tax funding for companies is nothing new. As a multi-million-pound business in the UK, there are thousands of solicitors, accountants and architects already using this service. However, this “funding” product has not found its way into the mainstream for SMEs that make up the heart of British business. How can these small and medium sized companies, and even larger ones if required, fund their VAT and Corporation Tax? The first option could be a bank loan. Plenty has been written about why banks are not lending. The time it takes to apply for a bank loan, or the fees associated with it. Second are Peer to Peer lenders and other specialist companies that will loan a business money. They will always ask for a personal guarantee. You may even find your details in the public domain, as they post your details on a portal raising money from the public at large. Whilst this can be an option, it is not always the simplest and quickest solution for your company. Logic dictates that most companies who are running an accounting system will know at any time what their VAT liability is. Hence, they should have no need to borrow to finance an HMRC bill. The reality proves that this assumption is not the case for several reasons we will highlight later. So, why do companies look to fund their VAT and Corporation Tax liability? Companies will often set aside their VAT / Tax money with the intention of... --- Knowing your business’ profits is essential for any successful business owner. Having a firm grasp on the finances of your company will help you make important decisions and understand how your business is doing. But with all the different financial components, it can be hard to keep track of everything. Let’s break down how to calculate profit and learn why it’s so important for your success. What is Profit? Profit is the amount of money that a business makes after deducting expenses from its total revenue. Put another way, it is the difference between what a business earns and what it spends in order to make money. It reflects how well a business is doing financially at any given time. The higher the profit margin, the more money a company can reinvest in itself and grow. Calculating Profit Margin The first step in calculating profit margin is figuring out how much revenue your company has earned over a specific period of time—this could be weekly, monthly, quarterly, or yearly. Once you have that number, subtract all expenses related to running the business (like salaries and overhead costs) from that total revenue figure. This leaves you with net income or net profit—the money left over after all costs are taken into consideration. This can then be divided by total revenue in order to get an accurate profit margin percentage. For example, if your company earned £100,000 in revenue last month and spent £25,000 on expenses during that same period of time,... --- It's no secret that budgeting is an important part of running any business, but it can be a daunting task. Knowing where to start and what to include in your budget can be a challenge. If you are a business owner, this blog post is here to help. Here are some Budgeting Tips for UK Businesses. Start with the Basics Before diving into making your budget, it's important to understand the basics of budgeting. A solid budget should include: Income and expenses All fixed costs such as rent or loan payments Variable costs such as stock or advertising And any other costs associated with running your business. Once you have identified these categories, you can begin to allocate funds accordingly. Set Realistic Goals Once you have identified your income sources and expenses, it's time to set realistic goals for your budget. Consider both short-term and long-term goals for your business. It is important to make sure that each goal is specific and measurable so that you can track progress over time. When setting goals for your budget, make sure that they are achievable – don’t set yourself up for failure by setting unrealistic targets! Review Regularly Budgets are not static documents – they should be reviewed regularly to ensure accuracy and effectiveness. Make it a point to review your budget at least once every quarter or even more frequently if necessary. This will give you an opportunity to identify areas where changes need to be made. Additionally, regular reviews of... --- Filing taxes can be a stressful process, especially for business owners. If you’re looking for an effective way to make tax filing easier, then you should consider taking out a corporation tax loan. This is designed to help businesses cover the cost of their corporate taxes. This allows them to pay off their tax bill in full and in time. Let’s explore the benefits of getting a corporation tax loan and how it can help your business. The Benefits of Corporation Tax Loans A corporation tax loan can offer businesses several advantages, including: Reduced Stress Paying off your corporate taxes in one lump sum can take a hefty toll on a business’ cash flow. With a corporation tax loan, you can pay off your taxes over time with manageable payments that align with budgets. This helps to reduce stress by allowing you to budget more effectively and pay off your bill without feeling overwhelmed. Improved Cash Flow Because a corporation tax loan is spread out over several months or years, it gives businesses more flexibility with their cash flow. Instead of having to come up with the entire amount at once, businesses are able to use the money they would have used for the payment towards other needs such as payroll or investments. This helps businesses maintain positive cash flow while still paying their taxes on time. Boost your Credit Score Taking out a corporation tax loan can help improve your business’s credit score. This is because it proves that... --- As the whole country struggles with the cost-of-living crisis, you may be looking for ways to give your cash flow a little TLC. A great way to keep your cash flow in check is by getting a VAT loan for your business. But what exactly is a VAT loan and why should businesses get one? Let’s break it down. What Is a VAT Loan? A VAT loan is an advance payment of the amount that your small business owes in Value Added Tax. This type of loan provides businesses with immediate access to cash so that they can continue to operate until their usual tax payments come in. The benefits of taking out a VAT loan are numerous, as it allows businesses to maintain their cash flow while they wait for the expected funds to arrive. Why Get a VAT Loan? There are several reasons why VAT loans are becoming increasingly popular for businesses across the country. First and foremost, having access to immediate cash can help relieve the financial pressures that tax liability often causes businesses. Additionally, payment is made directly to HMRC – saving you the hassle! And being acquiring your VAT loan through us there is no need to use up an existing bank facility either. Our wide panel of funders enable smaller businesses who may not qualify for mainstream financing options still have access to cash-flow-reviving funds. So, if you have been turned down by your Highstreet bank, why not give us a call? Contact Us... --- All the team here at VAT Loans wish you a Merry Christmas and a Prosperous New Year! We would like to extend our gratitude to all our clients for their custom this year! We can’t wait to see what 2023 will bring and look forward to continuing to support businesses across the UK grow. Christmas Opening Hours We hope you understand that over the festive period, our working hours will differ. So, from the 26th of December until Tuesday 3rd January our offices will be closed. Should you need to contact us over the Christmas period, feel free to drop an email to your account manager, or to hello@vatloans. co. uk and we will aim to respond as soon as we can. Tunnel Vision to 2023 Are you looking to boost your business even further in 2023? Why not consider a business loan? Business loans are a fast and effective way to get an instant cash injection into your business. Here at VAT Loans, we don’t just specialise in tax loans. Our team of finance experts have been arranging a range of business loans for a 362 years combined! Over the years we have watched the businesses that we fund flourish and grow. We can be your catalyst too! We can provide unsecured business loans up to £250,000, and secured loans from £250,000 to £1m+! Read more on unsecured vs secured loans here. What business loans do we offer? VAT Loans Corporation Tax Loans Working Capital Loans Bridging VAT Finance... --- VAT Loans are a great way to avoid any damage made to your cash flow from your quarterly VAT bill. That is why an increasing number of businesses in the UK are seeing the benefits of getting their VAT funded. However, if VAT loans are a finance avenue you are not so familiar with and would like to learn more, read on for some frequently asked questions we get about our VAT loan funding facility. Why do businesses get VAT loans? VAT loans are becoming increasingly popular amongst UK businesses as they provide cash flow relief. They do this by spreading the cost of your VAT liability across the space of 3 months instead of an upfront lump sum. How much can I borrow? Anything from £10,000+ How is the payment made? We can pay HMRC directly or we can make the transfer into your chosen bank account. How do the repayments work? You the cost of your VAT bill will be spread across the period of 3 months, therefore making it more affordable. Your first repayment will then be due between the 1st and 4th of the following month after activation. How can I find out what my monthly repayments will be like? You can get fast and free indicative figures using our free VAT loan calculator here! How long will it take for me to get credit cleared? We can look to get you approved within just 24 hours! We therefore understand HMRC deadlines are important to meet.... --- Here at VAT Loans, we understand the importance of maintaining a healthy cash flow. We also know that VAT liability can take a heavy toll on keeping it healthy. That is why we offer fast, simple, and affordable VAT loans for your business. We can cover the expense of your VAT bill, allowing you to spread the cost over a 3-month period. Making it far more cash flow efficient, taking the weight off your shoulders. Not only, this but we will pay HMRC directly- saving you all the hassle! VAT loans- the benefits Cash Flow Opting for a VAT loan amongst our other finance options will allow you to keep funds in your business to be used elsewhere. Take control of your finances and free up your cash for you to use in other important areas of your business. Alternative Funding Lines No need to use up an existing bank facility. A VAT Loan gives you alternate options to use in order to finance your loans. Fast Payment Payment can be made directly to HMRC to ensure your bill is paid on time. This will save you worrying about your finances when it comes to financial deadlines. Quick and Simple to Arrange Simple use of our free to use calculator can give you a quote in a matter of seconds. Alternatively, you can give us a call on 01494 956 871. Fixed Monthly Payments Easy fixed repayment schedule with industry leading rates. Approval Within 24 Hours We pride ourselves on... --- Many businesses are feeling the pinch of our declining economy, and that is why it is now more important than ever to make sure your cash flow is in check. A great way to go about remaining in control of your cash flow is by obtaining a business loan. But that’s not all, let’s explore this a little deeper... Cash flow A healthy cash flow is vital to the successful running of a business. So, if your cash flow could do with a little TLC, a business loan will ensure your cash remains flowing with ease. Keep cash in the business Are you sick of being restricted by your funds? Fear no more, a business loan can allow you to go ahead and make your business dreams come true whilst protecting your cash flow. Expand your business If you are looking to grow your business, a loan is a quick and easy way to go about it. With our quick, easy, and affordable loans you can get an instant cash injection into your business. This will avoid you waiting around until you have enough cash in the bank to boost your business. So, you will have the freedom to go ahead and add to your team, buy that piece of equipment that is bound to boost your productivity, or just invest more into your marketing. However you wish to go about it, we’ve got you covered. Buying inventory As most businesses will agree, inventory totals a hefty fraction of overhead... --- Our economy is on its knees, and everyone is feeling the pinch right now. So, whether you’re an individual, or a business, it is more important than ever to watch what we are spending. However, I will be going through ways by which you can be skrimping and saving as a business in these challenging times. Identify your fixed costs The first step to creating your business budget is to distinguish what your fixed costs are. Some examples of fixed costs are: Payroll Tax Insurance Rent Ascertain your variable expenses Variable expenses are those that can’t be pinned to an exact cost each month. Some examples of variable expenses are: Marketing costs Utility bills Replacing old/broken equipment Try to predict one-off costs Perhaps you’ve got an old boiler on the blink, or a company car due for its MOT. Either way, just try to think ahead and forecast what might require spending and factor these costs into your rainy-day fund. Tally it all up Now you have defined your fixed, variable, and one-off costs you can now add this all up and compare your income to your spending. And from this you can look for ways in which to improve... Re-evaluate your overheads Now that you have all your costs written up it is easier to pinpoint where the excessive spending may be. This is a pretty obvious one when focusing on budgeting for your business, but perhaps there are some monthly outgoings that aren’t actually necessary to the running... --- Corporation tax liability can take a huge toll of a business’ cash flow when paid upfront. That is why more and more businesses across the UK are being enlightened to the benefits of corporation tax loans. Here at VAT Loans, we provide quick and simple to arrange corporation tax loans for bills over £8,000. The benefits of getting a corporation tax loan through us Keep cash in the business Corporation tax loans are a cash flow-efficient way of easing your tax liability. This is because they allow you to spread the cost of your tax bill over 12 months. Making it easy for you to use that cash other areas of the business. Fast Payment We don’t mess around here at VAT Loans. We are aware of the penalties companies can face for late payments. That is why we pride ourselves on our fast and simple service that gets your tax bill paid directly to HMRC on time. Approval in 24 hours Following on from our last point, our fast service means getting you approved within just 24hours! Alternative funding line Our finance facilities offer you an alternative funding line so there’s no need for you to use up an existing one! Fixed monthly payments Our fixed monthly payments mean locking the best interest rate. Therefore, you’ll be reassured to know that your payments won’t rise along with the ever-rising interest rates! Delivered with 5* customer service Rest assured your loan will be delivered by one of our friendly tax... --- We are thrilled to announce that our parent company, WestWon, has been awarded the Net Zero Business of the Year by the Buckinghamshire Business Awards! We feel honoured to have been given an award for a cause we are so passionate about. As of the start of this year we started pushing our environmental focus more than ever and it feels amazing for our progress to be recognised by others too! Why we believe we won Net Zero Business of the Year We believe that we won this award for a multitude of reasons, we have always tried our best to act sustainably as a company, but we believe our WestWon Woodland initiative was the driving force behind our win. What is the WestWon Woodland? We introduced the WestWon Woodland at the beginning of this year, how it works is we have a tree planted for every month of any finance agreement made through us or any of our trading names. So that’s including any agreements made through VAT Loans, Fit Out Finance, WestWon Dental, or WestWon Limited. So, for example, for a 5-year finance agreement that’s 60 trees planted on the customer’s behalf! Then soon after your finance agreement is activated, you will receive your certificate of plantation. This outlines how many trees you have planted through your agreement with us, and subsequently how much carbon they will ultimately reduce from the atmosphere. Climate Positive Workforce We are also proud to call ourselves a climate positive workforce. This means... --- VAT and Corporation Tax loans are a great way to maintain a healthy cash flow. These loans provide fixed and affordable monthly payments, making it much easier to keep control over your finances. How does a VAT loan work? Our fast and affordable VAT loans, starting from £10,000+ are a great way to avoid the sting of your quarterly VAT liability. Firstly, you will need to apply for the loan and get credit cleared. You can expect this to take between 24-48 hours. Then, providing you are creditworthy, we will look to get your VAT funded within just 24 hours! Payment will be made directly to HMRC- saving you all the hassle! You will then make 3 affordable monthly repayments back to us. Repayments usually start 30 days after the agreement has gone live. This then in turn will protect any harm made to your cash flow from the brunt of VAT. How do Corporation Tax loans work? The process of applying for a Corporation Tax loan is quick and simple. We will need some information from you such as your company accounts, potentially management figures and your last three months bank statements. Once you have signed the simple and easy to read loan document, we process the information. Then we arrange for HMRC to be paid directly from the bank using your unique tax reference. Our funders have undertaken thousands of these Corporation Tax loan agreements in the past, so it is all perfectly acceptable with HMRC. You then... --- Our current climate crisis has been at the forefront of many of our minds for the last couple of years. Especially when we start experiencing climate change first hand, only recently having our hottest summer here in the UK. Many companies are beginning to take climate change a lot more seriously, and quite rightfully so. As more and more businesses adopt a climate strategy, the pressure is higher than ever for everyone to do their bit. Here are some things you can do to help save the future of our planet (even on a budget). Go paperless Becoming a paperless office was the first climate positive step that we took as a business, and we have never looked back. Since 2010 we have stored our files in a cloud-based system, and any paper that we needed to use has been made from 100% recycled materials. Not only are you saving trees, but you are also saving yourself a few pennies by putting this system in place. By going paperless, it saves you on paper costs, creates more space in your premises as there is now no need for numerous filing cabinets. Implement a recycling system By providing recycling bins to your premises, you are then encouraging your team to get involved in a much wider impact of waste reduction. Did you know that the UK produces an average of 15 million tonnes of landfill waste each year? This is another low-cost way of contributing to the good health of our... --- You must register your business for VAT if your business meets the following criteria: • Your business’ taxable turnover exceeds £85,000 in the past 12 months • You expect it to exceed the turnover threshold in the next 30 days. What is the VAT taxable turnover? The VAT taxable turnover is the total value of VAT included sales. Therefore, this should include sales that attract VAT at the standard or reduced rates. Or even those sales that are zero rated. Just not sales that are exempt from VAT. Exceptions An exception would be exceeding the threshold temporarily. So, should you exceed the VAT registration threshold but expect that your next VAT taxable turnover will not exceed the deregistration threshold (£83,000) you can appeal to HMRC by writing to them with supporting evidence of why you believe you will not exceed the deregistration threshold in the next 12 months. HMRC will the review your appeal and either send you a letter of acceptance of your appeal or they will register you for VAT. Voluntary registration As stated above, registration is mandatory if your taxable VAT turnover goes over the threshold. But if your VAT taxable turnover is below the threshold you can still register for VAT voluntarily. Some businesses that supply zero-rated goods choose to do this due to the benefits of reclaiming VAT on purchases. How to get registered You can apply online at gov. co. uk, or you can register by post by using the VAT1 form. Although please... --- Have you ever been turned away from a mainstream bank or finance company? Not to worry, this is definitely not unheard of, especially for those who have applied through high street banks. There are usually other options as well as ways to overcome business loan rejection, which I will be going into further detail in this blog. What to do if you have been denied by your chosen finance facility A good business doesn’t fall at the first hurdle. There are things you can do to proactively overcome the obstacle of business loan rejection. Ask for feedback from the finance company Look into why you were rejected by the finance facility. Don’t let things end with the rejection letter or email. Get in touch with your account manager and gather some constructive feedback on what you can do better to get accepted elsewhere or to reapply. It is key to note that the approach to this is important. So, don’t be argumentative or hostile over the rejection. Instead respect their decision, and take this as an opportunity to learn and better your business. Not to mention, that by taking a calm but curious approach you are more likely to get more out of the conversation. Some good questions to ask would be: What would have made a difference to getting accepted? Is it collateral or financially related? What credit reporting agency did you use to evaluate our business? Can I reapply at a later date? If so, what would we... --- As we all know, the last few years haven’t been easy for any of us. What haven’t we faced in our experience of the 20s? From pandemics, to war, to inflation, and even scorching first-hand experience of climate change. These past couple of years have been eventful to say the least. And businesses especially have suffered the brunt of it. Throughout this blog I will be listing a few top tips on how to make your cash flow with ease. Cash flow forecast Cash flow forecasting is a great way to maintain control over your cash flow. It gives you a good idea of your monthly ingoing and outgoings so that you can plan you purchasing with that in mind. Read more about cash flow forecasting here. Take advantage of finance options Many are unaware of the benefits that financing provides. Finance allows you to keep cash in the business to be used elsewhere. So, whether you need to pay off a tax bill or invest in new equipment for the business, finance is a great way to do this without causing any harm to your cash flow. We offer affordable financing for corporation tax as well as VAT loans. So instead of paying upfront and in full, we allow you to spread the cost over a period of time. But it doesn’t stop there, our parent company, WestWon is a well-established provider of asset finance. Leasing is an effective way to obtain the latest equipment without breaking the bank.... --- Here at VAT Loans we offer finance for a range of business loans. These include (but aren't limited to) VAT Loans, Corporation Tax Loans, Professional Indemnity Insurance Funding and Bridging VAT Finance. We also cover Professions Loans, Equipment Loans, Dilapidation Loans, Working Capital and Peer-to-peer funding. An important part of funding these business loans is going through an easy and straightforward process. This stems from you as the customer knowing how the process works, which is why we are always as transparent as can be with you. This is why we have calculators with rates behind so that you can calculate rough figures before even speaking to us! If you would like more information on the importance of a loan calculator, then please read on. VAT Loans VAT Loans are used in order to pay your company's VAT bill. We pay HMRC directly so that you don't have to manage any of the admin and we take care of this for you. We have a dedicated VAT calculator in order for you to see what the rough repayments would be. The numbers below are based on a £10,000 loan amount, spread over 3 months. Repayment term = 3 months Monthly repayments = £3616. 67 Total repayments = £10,850. 00 Corporation Tax Loans Corporation Tax Loans are, nice and simply put, used to pay a HMRC Corporation Tax bill. It breaks up your bill into monthly fixed instalments and allows you to keep your cash in the business. The loan won't... --- Below is a case study about a client of ours who organised, and continues to organise, a short term loan with us to pay their VAT bill. In our VAT Loans case study we discuss who they are. We also discuss why they chose to organise a loan and why they decided to undertake it with us. The information collected came directly from the Finance Director. This is so that we can offer the best information and advice to you. If you and your business are thinking of organising a VAT Loan for your next VAT bill, then please don't hesitate to contact us. A member of our friendly team will be more than happy to help. A bit about them We have been working with this company since 2012. However, their journey started in 2003 when they started trading. They are a mid sized firm of architects and so far we have arranged four short term loans for them every year. As we have been doing this for many years now, we have developed a strong relationship with many of the employees and will continue to develop these over the next many years working with them. The four short term loans we have been providing have been used to cover both their quarterly VAT bill and their HMRC Corporation Tax. For the VAT bill the repayment term is always 3 months. However, we usually defer the first repayment for a month after when the bill was paid. For the... --- Applying for a bank loan can be a time consuming and arduous process. Their lending policy may not easily work if you only wish to borrow £8,000 over a three-month term. In this blog we will be asking the question of how do HMRC Loans work to give you the ultimate guide into understanding the process behind them. For UK companies who may not have the cash to pay their VAT bill, and are potentially looking at a 15% fine from HMRC, help may be at hand. Interestingly, there are many reasons why companies use tax funding companies like WestWon. This business is built upon our completing many loans - all short term between three months and one year in repayment duration. The profit per loan is small – there are no documentation fees or hidden extras that many banks charge to make their profit. We rely on a quick and simple system. Clear documentation will allow you, the customer, to make a decision without a fear of “what is the catch. ” We need the following information How much are you looking to borrow? (£8,000 to over £1m) How long do you wish the loan repayment to last? (Three months to one year) Would you like to pay your first direct debit repayment before HMRC are paid, or shall we delay it for a month? (Most companies request the one month delay) The name of your company and contact information. Once we have this, we will conduct a few... --- Here at VAT Loans we offer finance for a range of things and hope to help you in your business' finance journey. We will provide you with a 5* customer service experience and we will tailor the agreement to fit you and your needs. We offer finance for a range of business loans which you can read more about below. Hopefully this blog will show you the benefits not just to working with us here at VAT Loans, but also to leasing in general. If you would like to know more, then please read on. What do we offer finance for? Here at VAT Loans it may not surprise you that we focus a lot on arranging VAT Loan agreements! However, you may not know what else we can finance. We offer finance for a range of business loans. These include Corporation Tax Loans, Professional Indemnity Insurance funding and Bridging VAT finance. We can also provide finance for professions loans, equipment loans, dilapidation loans, working capital and peer-to-peer loans. We have explained some of these in a previous blog. Offering a wide range of business loans is possible due to our team of professionals here at VAT Loans. Although some of the business loans have different processes, they are all easy and straightforward to complete. Therefore, don't hesitate to get in touch with us using our contact details at the bottom of this blog. Why choose VAT Loans? VAT Loans has helped thousands of customers with their finance agreements. Below... --- Here at VAT Loans, we offer finance for a range of business loans. All of these will be covered in the blog below. If you have any other questions about loans we can offer, or other assets we provide finance for, then please get in touch. The contact details can be seen below. VAT Loans This is the most obvious one of course. VAT Loans are now being used by more companies in the UK to help with their business’ cash flow. We used to see mainly just professions like accountants and lawyers using VAT Loans. However, it’s now all sorts of businesses, no matter the size. Any business that is already registered for VAT can apply for a VAT Loan, starting from £10,000+. We pay the bill directly to HMRC meaning you don’t have to worry about a thing. You will then make monthly repayments (usually 3) after the agreement has started. Corporation Tax Loans For any business that has a HMRC Corporation Tax bill to be paid, which includes most throughout the UK, this loan is essential. We will do the same thing that we do for a VAT Loan and pay it directly to HMRC. However, with this loan we arrange for the bank to pay them directly using your unique tax reference. The process is again simple and easy to go through. We will need some basic information in order to start the process. Once this has been acquired, we can get to work and activate... --- Throughout this blog I will be breaking down a list of VAT finance lenders across the UK. VAT finance is a specialist form of lending that companies in the UK use to fund quarterly HMRC VAT bills. Historically, it was mainly professions such as solicitors, accountants, and architects that would finance VAT. Today, all sorts of UK companies fund their VAT for a whole variety of reasons. So where do you find a list of VAT finance lenders in the UK? VAT Loans are a key finance company in the UK, funding VAT for our clients. We have searched for such a list and as far as we can see, there is no definitive list of VAT finance lenders out there. However, luckily for you, we have independently compiled a list of UK VAT Finance lenders from a deep dive on Google. Hopefully this blog will be helpful to those seeking VAT funding exploring their options. So, let's get into it, we can split the list into two parts. Funders Firstly, there are the funders, the actual finance companies that lend the money. Premium Credit Limited is by far the largest company operating in this space. They call themselves ‘The number one premium finance company in the UK and Ireland. ’ With 2. 1m customers and processing 24 million direct debits per year, we as an independent company will agree, they are the largest. Please note, only a small fraction of their business is VAT funding, most of the other... --- Most scaffolding companies we speak to about leasing for their kit, are not aware that we can also offer VAT loans. It’s not a new product / our loan service, but it is a product that seems to be growing in interest. Read on for more information on how we can organise a VAT loan for your scaffolding company. Why would a scaffolding company need a VAT loan? Your scaffolding business has raised invoices over the last quarter. Some of your customers would have paid, but almost certainly, there will be a few that are still outstanding. Add into this the winning a few new contracts coupled with buying or hiring more scaffolding kit, before you know it, there is not the money there to pay the VAT bill. It’s not that your struggling, it’s more often the complete opposite! It’s often scaffolding companies that are doing well that need a VAT loan! If you are not raising any invoices there will not be a VAT liability, hence no need for a VAT loan. We speak to loads of scaffolding companies that are talking to us about a VAT loan. They are often very successful and large companies. One scaffolding company we were speaking to recently was looking for an £800,000 loan facility to cover their quarterly VAT liability. How does a VAT loan work for a scaffolding company? Getting a VAT loan is normally quick and simple. What we will need from you: A VAT statement saying what is... --- What is a HMRC VAT loan? A HMRC VAT loan is a specific form of financing for a VAT bill. There are a few key elements to a VAT Loan Interest Rate and a VAT loan that make it different from other forms of funding: The loan principle is paid directly to HMRC (in the majority of cases) The loan is short term, normally three months Why would a UK company apply for a VAT loan? UK companies use VAT loans when they know they have a VAT bill to pay on a specific date. Also when they wish to spread the expense over the following three months. There are many positive reasons why a company would do this. Interestingly, most companies who need a VAT loan are doing well. Often VAT loans are needed when there is a miss-match between purchase and sales invoices or clients have not paid. Asking for a VAT loan by no means indicates there is any financial danger to the company. How are the repayments made to the VAT funder? Nearly all of the VAT loans we write are on what we call a 0+3 repayment basis. No deposit followed by three monthly payments. Example: If we pay HMRC on the 5th February for the VAT period October through to the end of December, the loan repayments would have the first payment being in March. This is different and slightly more expensive than making the repayments on a 1+2 basis, first payment being in... --- Are you new to VAT loans? And perhaps would like to gain a better understanding on how they work before going any further? Then look no further. Have a read of the short guide below to find out everything you need to know about VAT Loans in just under 5 minutes. Can a UK company finance a VAT Bill? Yes, there are specialist finance companies that will finance a VAT bill. What is the minimum VAT bill amount that can be financed? Normally, most Guides to financing a VAT Bill finance companies will start at £5,000. Theoretically, there is no maximum. To give you a rough idea, our average VAT loan amount is £60,000. How easy is it to get credit cleared? The process is quick and simple. You will need to show a copy of your VAT bill and a full set of your latest audited accounts. Often, the underwriters will need to see management accounts and three months bank statements to support the application. Do we have to provide a personal guarantee for VAT loans? More often than not, you will not need to offer a personal guarantee. Who makes the payment to HMRC? Just to make your life that bit easier, once you have signed the loan agreement, our funder will send the money directly to HMRC using your VAT number as a reference code. HMRC are all OK with this. How much interest do we pay and how do we calculate the monthly repayments? Please click... --- Once you have registered for VAT, you have to submit a VAT return on either a monthly or quarterly basis. The vast majority of UK SME companies will submit their VAT return per quarter as opposed to monthly, purely from an administration perspective. Below is a bit more on when does a UK company have to pay a VAT bill? You can choose when you would like your VAT quarter to start and end. Most UK SME companies will run their VAT quarter in line with their financial year end. HMRC then gives you one month and 7 days from your quarter end to submit your VAT return and pay your bill. You do not have to wait until the end of this time and many companies will submit and pay their bill earlier. For those companies looking to submit a VAT repayment, they often do their best to have the VAT return in as quick as possible. Looking at the example of a December 31st quarter end, your key VAT dates are as follows: Q1 January, February, March VAT return to be submitted by the 7th May Q2 April, May, June VAT return to be submitted by the 7th August Q3 July, August, September VAT return to be submitted by the 7th November Q4 October, November, December VAT return to be submitted by the 7th February I am VAT registered and have made no purchases or sales this quarter. Do we have to submit a VAT return? Yes, you... --- One question we often get asked is why does a UK company come to us for a VAT finance loan as opposed to speaking to their High Street bank? And what is included when applying for a VAT finance loan? The reasons we hear are always the same: Banks take too long to get a credit acceptance They ask too many questions They charge documentation fees And the nail in the coffin... they will turn us down So for us to have a business, we have to offer a quick and simple service with: competitive rates, no documentation fees and high acceptance rates. We do not need you to fill in a long application form. We can get started with: What is your company name and registration number? What is the amount of VAT finance you need? We can internally give you a reasonably good indication if we will be able to get you a VAT finance facility and what other information we will require, within minutes. VAT finance loan decisions within 24 hours A lot of the financial information we need is normally in the public domain at Companies House. However, to get an agreed credit facility in place, our underwriters will / may need the following information: Management accounts – depending on the size of your business. Last three months business bank statements. Directors home address, date of birth details. (The underwriters do carry out personal credit searches on directors) Sometimes other information is required, for example, details... --- Here at VAT Loans we have loans to pay VAT that have pre-approval in minutes and a decision in 24 hours. No messing around here! We went onto a VAT funding competitors’ website the other day, advertising “pre-approval in minutes. ” I put in our company name, VAT funding needed, my name, email address and mobile phone number. I pressed “submit” only to see the second page asking me to upload my bank statements and management accounts. However, all I wanted was to know: What is the cost? Will I get cleared for credit? So lets stop this messing round. If you are looking for VAT funding and just want to know what the cost will be, use our VAT loan calculator. We will never know who you are because we do not ask for contact information. So how do we get a VAT funding pre-approval in minutes? All we need is your company name and the value of the VAT bill. Using company credit information, we will take a quick look at your business. This does NOT therefore leave a credit footprint; the credit check is done in total confidence. We have been lending money for thirty years. Our team are trained in credit underwriting. Hence, we will give you a good idea as to whether we can arrange the VAT funding facility or not. Looking for loans to pay VAT bills for the first time? VAT funding is a massive business in the UK. There are multinational companies... --- Did you know, you can spread your HMRC VAT bill over three months via a VAT loan from VAT Loans? Many SME business owners will ask us “why does a VAT loan product actually exist? Surely, a business has collected in VAT revenue and the money has been put aside for paying the bill three months down the line. ” It can be simply that your purchases and sales invoices are out of synch. We see this ourselves where at the end of the month, our sales team are keen to invoice deals but then we might get the rent bill or other large expenses in the first week of a new VAT quarter. Again, taking our company as an example, we have some large unpaid sales invoices going back to a prior VAT quarter. We have to pay the VAT but have not received the cash in yet. Simple budgeting for a HMRC VAT bill Solicitors are one sector of UK companies that regularly use VAT business loans. We asked one solicitor why do they take out a VAT loan? Their answer was quick and simple, they wish to pay their VAT bill like they would their rent, rates or salary costs, i. e. on a monthly basis as opposed to a quarterly basis. Architects also are enthusiastic about VAT bill loans. The Finance Director of one architect practice we work with explained. “On average, we will fund three VAT bills every year. In the last 15 months, we... --- Many UK business owners dread that time every quarter when the VAT bill falls due. It’s that lump sum of money which for many companies has aided cash flow in the previous three months and now needs to be turned over to HMRC. Ironically, for many companies, the more VAT you pay to HMRC, the better your business is doing. Below are Top 10 Tips for VAT business loans and funding: Keep cash aside in a separate bank account to cover HMRC tax payments It’s such a simple idea why does not every company do it? Every month work out what VAT and Corporation Tax needs to be paid and save the money in a separate bank account. Business owners say they “have put money aside” but few if any hold a separate tax bank account. So rather than this being a tip, our tip is to calculate your monthly VAT payment and keep a running total of what cash you need to pay the VAT bill. Pay HMRC every month Now this is a much better idea. HMRC run different bank accounts for PAYE and VAT. There is nothing stopping you working out your monthly VAT owing and then sending HMRC a bank transfer every month. There are some great benefits to this, and the only downside is the loss of interest you would have had on holding the money. Submit your VAT return as quickly as possible If you are looking for a VAT reclaim, then it is... --- As a business owner with a turnover above £85,000, your business must be VAT registered. Every three months your business will require you to submit a VAT return to HMRC, even if you haven’t got any VAT to pay or reclaim. Having monthly outgoings such as rent, wages and supplier payments can make it difficult to pay your VAT bill. Therefore, VAT loans are put in place to provide your business with the funds to keep your cash flow steady. When do you need to pay your VAT off? Once you have received your VAT bill, HMRC allows five weeks to pay it it from the date it becomes due at the end of each quarter. With other outgoings, as mentioned before, it can be a struggle to pay it off. However, if it is not paid HMRC can act against your business – particularly if it is reoccurring. Therefore, VAT loans are an opportunity for businesses to keep all finances steady whilst invoices are being paid by customers. What is the VAT loan process? When applying for a VAT loan with VAT Loans we pay HMRC directly. This takes the pressure off you to have to get that payment made on time. Then, you will have monthly repayments based on your bill, which is required to be paid in three months. Here is a step by step guide of the process when applying for a VAT loan. Now having learnt all the basics of ‘what is a VAT loan’,... --- As a business owner expenses come from all different directions, including your VAT bill. VAT returns are every 3 months where you submit a VAT return to HM Revenue and Customs. It is compulsory to do so, even if your business has no VAT to pay or reclaim. If your company is struggling to pay your VAT bill on time, due to unpaid invoices by customers, we can help you. Your VAT bill will be spread across 3 monthly payments, making it more manageable whilst your collecting business from your customers. What are the benefits of VAT loans for Professionals? Bridging the gap – Taking out a VAT loan will ensure that you are able to pay your bill. Within any businesses unexpected fees do arise, and usually take priority. Therefore, taking out a VAT loan will take you and your business out of a sticky situation. Having this short-term loan can be the resolution of keeping your business cashflow looking healthy. Peace of mind – VAT loans help you plan your business finances and can take of the strain. Hassle free – When taking out a VAT Loan the payments are made directly to HMRC. The payment is made very quick and efficiently and doesn’t require you to do anything once the approval has been made by the funders. Saving working capital – Getting a VAT loan enables your business to retain working capital for other business opportunities. For example, you maybe recruiting a new member of the team... --- Despite Braemar Finance specialising in asset finance, they are one of our primary competitors in the provision of VAT Loans. Much like our relation to WestWon, Braemar Finance is part of a larger company- Close Brothers Plc. Close Brothers is a well established UK based merchant banking group. They are listed on the London Stock Exchange and are even a member of the FTSE 250. Close Brothers was established in 1992. They then acquired Braemar Finance in 2000. Managing Director, Aileen Boyle, played a key part in making this a smooth transition. However, different to us, Braemar Finance provides finance solutions to both businesses as well as individuals. Their finance options include: Business Loans, Personal Loans, Tax Loans, VAT Loans, Hire Purchase, Leasing and Consolidation and refinancing loans. Additionally, Close Brothers have a selection of subsidiaries that offer a range of financial support to both businesses and individuals. These include: wealth management, savings, securities, customer finance and asset finance. Healthy competition Competition is always healthy for businesses. It empowers businesses to strive to their greatest potential. This is also a positive thing for the consumer. It allows them choice, as well as being provided with better quality customer service and competitive pricing. Braemar Finance is also a big competitor for our parent company WestWon’s dental division. They also specialise in providing finance for optical, accountancy, pharmaceutical, veterinary, legal, medical, and memorial sectors. Obviously, our job is not to endorse our competition. However, we have a strong company ethos of never... --- Are your overheads getting the better of you and your business? If yes, this blog might prove useful to you. Just follow the steps below for overhead relief. I will be listing 6 effective ways by which you can reduce your overheads and improve your cash flow. Firstly, you might be wondering what an overhead actually is. Put simply, an overhead cost is a running cost of your business, also known as an indirect cost. These can include: Office rent Office utility bills Workplace repairs Insurance Office equipment and furniture Employee salaries Telephone bills ... the list can go on and on. See more on overhead relief below. Here are some top tips on reducing these: Review Firstly, ensure that you are keeping on top these expenditures. Review them monthly and make sure that all costs are necessary. So, cancel that subscription you no longer use, and it may sound harsh, but sack that slacking employee! Eliminate what no longer brings value to your business or employees. Shop around Once you have differentiated between the essentials and non-essential business expenses, you can now start to seek out cheaper alternatives. Just because you have been a loyal customer to an overpriced printing and stationery supplier for years now, does not oblige you to passively stay and not check prices elsewhere. It may only be a small difference in price, but all these small costs accumulate, especially if this is stock that you frequently require, and purchase large quantities of throughout the... --- Throughout this blog we will explore some of the key questions that we get asked about VAT loans. Here at VAT Loans we like to make everything as clear as possible. VAT funding is often utilised by small to medium sized businesses to keep cash flow healthy and allow them to utilise working capital in other areas of the business. What is VAT funding for SME’s? SME companies can take out a short-term three-month loan to pay their VAT bill. What is the interest rate? As the loan term is so short, the amount of interest paid is normally very low which makes this form of loan cheap. Are there any administration or documentation fees? No. How can we calculate the interest? Use our VAT loan calculator to work out exactly what the monthly repayment will be. It clearly shows what the total repayments are, so simply take off the amount you are borrowing and there you have the interest to be paid. Is VAT funding for SME’s a new product / service offering? VAT funding was for the reserve of professions, accountants, solicitors and architects. These companies often work in a sector where there are elements of unbilled work. Add this with clients who do not pay on time, and cash flow can become an issue. The VAT funding market has moved on. Our VAT funders will offer loans to all other types of SME companies, subject to status. Why do funders offer VAT funding? Often the funders we... --- In this blog I will be discussing Professional Indemnity Insurance funding for solicitors and law firms. Did you know there are 12,000 legal firms in the UK placing their Professional Indemnity insurance by the 1st October every year. The Law Gazette recently published an article stating that premiums have increased by up to 50%*over previous years. This, coupled with some insurers unable to offer finance due to product complexities means that many firms are unable to find the funds they require. Many solicitors and the legal sector in general are paying their PII premiums monthly. It’s not just the UK’s largest legal practises that fund their PII policies. We can fund a one partner practice just as well as much larger firms of solicitors. Professional Indemnity Insurance - for both lawyers and solicitors Law firms – like most UK companies – will look for a competitive finance quote. Even if you have been financing your PII cover in the past, please use our Professional Insurance finance calculator to see how much you can save. Our aim is to offer the most competitive finance premiums in the UK. It may be such that you have been turned down for finance in the past by another finance company. We have access to a number of finance providers on our funding panel. Please still contact us to see how we can assist your firm. Funding of professional indemnity insurance policies in the UK is delivered to you by VAT Loans, a division of... --- Often when a company contacts us about a VAT loan, it’s often a new product to them. This means we’re often asked ‘How does a VAT loan work? ’. Our latest blog outlines in simple terms what a VAT loan is, how it works, and why companies use VAT loans. What is a VAT loan? A VAT loan is used by businesses to help fund the cost of the quarterly VAT tax bill. The loan is then paid back to the funder in 3 monthly payments. This helps disperse the cost of the tax into affordable amounts. How does it work? A VAT loan will be paid on your behalf directly to HMRC by the financier. This guarantees that all legal requirements of being VAT registered are met. Having those checks taken care of takes stress and responsibility out of your company’s hands. Why do companies use VAT loans? At times when companies are struggling to pay the large lump sum of the quarterly tax bill, they turn to VAT loans. Should you have various other business expenses, a loan can provide relief. It can also allow your company to gain momentum again. A company might have a current project to complete that is generating increasing expenditures. Financing your VAT bill might free up enough capital to get that project finished. Subsequently, the margin created from that project will generate enough income to compensate the expenses of the loan. There are cases where a company’s capital is so critically low... --- VAT and Corporation Tax funding VAT and Corporation tax funding is fundamental for many businesses. This is why finance companies, the lenders really like this business. The loans are short term. Most last three or six months for VAT and up to one year for Corporation Tax. Historically, the covenant of the underlying customer has been ‘high quality’ consisting mainly of what we refer to as the “professional” sector (i. e. accountants, solicitors, and architects). The loan principle is paid directly to HMRC. Therefore, this removes potential element of the loan being used for any other purpose (or fraud). This occasionally does occur within leasing and asset finance. The interest rate can be higher, relative to longer term financing over two to five years. There is a high customer retention rate, with many companies using this loan facility two, three, or four times every year. There is one large downside for these funders - the amount of profit they make on each deal. As the loans are all short term, even if they charge a 6-10% interest rate, the amount of money they make in interest is relatively small. Consequently, they can make money only by having an automated system and hoping for a high rate of repeat business. Amount being lent to finance VAT or Corporation Tax We do not know the exact amount that is being lent every year to finance VAT or Corporation Tax. However, we estimate it is north of £250m. Two of the UK’s larger... --- Welcome to VAT Loans! Pleased to meet you. We are delighted to share the announcement of the launch of our new website with you. Who are we? You might have gathered from the name, but we are one of the very first companies dedicated specially to providing VAT loans for businesses across the UK. We are a trading name of a larger UK based finance company called WestWon, with 45 years in the business. Therefore, we are confident that our expertise in the industry will provide you with a fast and seamless loan experience. Here at VAT loans, our main objective is to support businesses in the UK within their growth by improving the health of their cash flow, whilst also providing them with a sense of relief. However, these aren’t the only perks, there are many more benefits to deciding to finance through us: Quick finance. We pride ourselves on fast and efficient customer service here at VAT loans. So, we can give you a decision within 24 hours! Competitive rates. Industry leading interest rates starting from 2. 5% Here to help. Turned away by mainstream banks? We have a 95% acceptance rate. Customer care. We will provide you with a dedicated and friendly account manager to guide you through the process and deliver outstanding customer care. Preserve lines of existing credit. No need to use up an existing bank facility. Easy repayment schedule. Fixed monthly payments, allowing you budget better. However, VAT loans aren’t all we have to... --- --- > For finance enquiries, eligibility checks or formal information, use the contact page on vatloans.co.uk. Information in this file is a summary and should be checked against the live page before being relied on. ---