If you’re struggling to keep up with your tax liability, Braemar Finance might just have the solution for you.
Every tax season brings its own challenges but fortunately there are there are finance options available to both individuals and businesses to help spread the cost of any tax liability. Tax loan specialists, Braemar Finance, has a product that allows professionals and business owners to take control of their cash flow through manageable monthly payments.
‘Popular with many professionals, our non-secured tax loans give you the option of spreading the cost of your tax demand into more affordable monthly payments,’ explained Aileen Boyle, managing director, Braemar Finance. ‘We have found that this time of year can be incredibly stressful for business owners because no-one enjoys the thought of having to deal with the impact that paying out a lump sum to HMRC has on a firm’s cashflow.
‘Because we understood our customers’ concerns, we introduced the Braemar Finance tax loan to help business owners avoid any HMRC penalties and daily interest charges for late submission.
‘We fund personal, business, corporation, capital gains and cross over tax demands and will consider consolidation of existing agreements. With flexible repayment terms and fixed monthly payments, the payment can be made directly to HMRC or your bank account by CHAPS transfer.
‘The application process is very simple – tell us the amount of your tax bill and the term you would prefer, and our in-house specialist underwriters will provide a quick decision. We will then tailor the tax loan to suit your circumstances with fixed payments over the agreed repayment period.’
Benefits of a tax loan
- Control of cash flow
- Fixed monthly payments
- Flexible repayment terms
- Free CHAPS transfer
- Protects existing bank facilities
- Quick and simple to arrange
- HMRC receive payment on time.
Another product that has gained a great deal of traction among businesses is tailored funding facilities to be used for VAT liabilities for professional businesses.
‘Cash flow is an essential part of any business, however periodically managing large expenditures while still managing supplier overheads can, at times be difficult,’ said Aileen. ‘This is when a short-term finance solution can aid your cash flow ensuring that your business does not have to go through a cash flow drought. Our VAT loan will allow you to utilise your working capital in other significant business areas.’
VAT liabilities can be spread over three – 12 months. When your VAT demand is due each quarter our unsecured VAT loan spreads the cost into manageable payments and simple to apply for.
Simply tell us how much you wish to borrow and the term you prefer. No deposit is required, and the loan will be tailored to suit you with fixed payments over an agreed term.
A credit search will be carried out on each partner or director – once the search is complete and we have all the relevant information, the VAT loan will be made available. Finance approval is subject to status and terms and conditions apply.
With our in-house specialist underwriters providing quick decisions, the funds can be paid by faster payment directly to HMRC within an agreed time.
How does VAT funding work?
- Let us know how much your VAT liability is
- We will inform you of the payments over a three-month period
- Draw down each quarter can be arranged
- Continues for as long as you need the finance.
What are the benefits of using a VAT loan?
- Takes the pressure off cash reserves
- Retain working capital for other business areas
- Smooths cash flow peaks and troughs
- Fixed monthly repayments
- Competitive rates
- Quick and simple to arrange
- Can be paid directly to HMRC.
‘We have used Braemar Finance several times over the past two to three years for tax funding and cash flow loans. Their approval processes are swift and not excessive plus the service provided by the area team is always extremely efficient and friendly.’ – Dr Harrison, Howden Medical Centre.
‘Braemar Finance has always been only a phone call away. Whether the loan is for business development, tax due, or car finance the advice and loan facility is readily available. There is simply no comparison between Braemar and the local bank.’ – Jan Skrybant, Dentist, Birmingham.