We have been providing tax loan funding facilities for healthcare professionals for over 15 years. We offer low-rate financing and flexible repayment terms through our panel of funders, so you can easily and effectively manage your tax liabilities as a monthly business expense.
With our tax funding facilities, you can say goodbye to setting aside money for your tax bill each month. Instead, you can spread the cost of your tax bill over a longer period of time, making it easier to manage your cash flow.
Our tax funding facilities offer a number of benefits, including:
- Low-rate financing: We offer competitive interest rates on our tax funding facilities, so you can save money on your tax bill.
- Flexible repayment terms: We offer flexible repayment terms of up to three years, so you can choose a repayment schedule that fits your budget.
- Quick and simple arrangement: The application process for our tax funding facilities is quick and simple, and funds can usually be transferred within 24 hours of approval.
- Funds paid to HMRC or yourself: You can choose to have the funds paid directly to HMRC or to yourself. This gives you the flexibility to use the funds for other business expenses or to pay off other debts.
Who Uses Tax Loan Funding Facilities?
Not all of our clients use our tax funding facilities to pay their taxes. However, those that do typically fall into one of three groups:
- Regular users: These clients use a 12-month tax loan each year to pay their tax bill and spread the payments. Many of these clients consider this to be a de facto “PAYE in arrears.”
- Occasional users: These clients will use tax loans to pay their tax bill, often once every 3-4 years, typically when a tax bill is unexpectedly large. These loans can extend up to 3 years to lower the cash flow impact.
- Alternative users: Although these clients often have the funds available, they prefer to use them for alternative business ventures or other, more significant, opportunities where the cash flow impact would be too great.
If you are a healthcare professional that is looking for a way to manage your tax liabilities, we can help. Contact us today to learn more about our tax funding facilities.