Tax bill is paid to HMRC deadline
Corporation tax is paid by UK limited companies as soon as it starts making a profit. The amount of corporation tax a business is required to pay is calculated as a percentage of the taxable profits.
If you lack the working capital you need to meet your company tax liabilities, a corporation tax loan will protect your cash flow and enable you to fulfil your legal obligations.
How do I register for Corporation Tax?
When starting up a limited company, you’ll need to register for corporation tax within 3 months of your business starting to trade.
Details you’ll be asked to fill in include:
Company name
Registration Number
Business Start Date
Main Address
Type of Business
Name and home addresses of the directors
What is a Corporation Tax Loan?
A corporation tax loan is used to help pay your business’s annual corporation tax. Instead of paying one lump sum, corporation tax loans spread the total tax cost into manageable, fixed monthly instalments.
How much does a Corporation Tax Loan cost?
The cost of your loan will depend on your individual business requirements and financial shape, in some cases, you may need to provide a personal guarantee.
Can a Corporation Tax loan be used to cover 100% of the tax due?
Yes, it is possible for a loan to cover 100% of the tax due.
What are the benefits of Corporation Tax Loans?
There are many benefits associated with tax funding:
Does my business qualify for a Corporation Tax Loan?
To qualify for a tax loan, your business must be registered in the UK and have a trading history of at least twelve months.
You will also need to provide the following:
Business Finance and Loan Solutions
We offer a wide range of tailored, specialist financial solutions for businesses and we invite you to speak with a member of our expertly trained team to find the right solution for you.