The non-ministerial department of the UK Government responsible for the collection of taxes.

A tax loan can help you pay your tax bills, which gives you flexible payment terms to lower your tax burden. If you are struggling to pay your tax bills, a tax loan could be a godsend for your business, providing relief from outstanding tax bills and enabling you to repay your outstanding debt later.

What else do you need to know about tax loans?

Advantages of such a loan range from their fixed monthly payments and flexible payment terms to the ease with which they can be arranged and the ability they give you to pay HMRC on time. If you need to call HMRC about your tax bill and you genuinely can’t afford to pay right now, they may be able to arrange with you to pay your outstanding debt at a later date.

Practical Application Example

“ Whether as an individual or business, a tax loan may enable you to borrow up to 100% of your tax bill and have a repayment plan to suit your requirements. You may borrow as little as £10,000 or as much as £100,000,000, for payment terms ranging from six months to 60 months. ”