VAT loans are a helpful financial tool for businesses managing cash flow and facing challenges with VAT payments. These loans allow for installment payments of VAT bills, providing a buffer for cash flow disruptions. Businesses can borrow a flexible amount, typically ranging from £2,000 to £5 million, and can apply through banks or independent lenders. The application process usually requires providing HMRC VAT bill, business bank account statements, financial reports, and proof of identity. Upon securing a VAT loan, the lender will pay HMRC directly, helping the business comply with VAT payments on time.
Source Taxually
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