Last Minute VAT Bill To Pay?
If your business has flourished during lockdown or is on the road to recovery right now, has funding VAT been considered? Being able to spread a VAT payment over 3 months provides a welcomed boost to cashflow and funding VAT ensures you don’t fall behind or need to enter a payment plan with HMRC, both of which can be detrimental in the eyes of lenders.
With VAT funding, once underwriting is completed and funding is approved, the lender ensures HMRC are paid on or before the 7th of the month (VAT deadline). The 3 monthly repayments can start before HMRC are paid by the lender (1+2 profile) or as late as the beginning of the following month (0+3 profile) providing further support to cash flow. Feel free to contact us for any further information
Stephen Gomes of Amiga Finance