Let Claratus help you spread the cost!
The 31st January Self-Assessment Tax deadline is fast approaching. Spread the bill with fast and efficient Self-Assessment Tax Funding.
Self-Assessment Tax Funding spreads the cost of your annual Self-Assessment tax bill over up to 12 months, easing the burden of a large annual payment. The funding could help avoid potential penalty charges for late payment whilst also matching repayments to future income.
Our account managers will guide you though the process and manage the application on your behalf to ensure the funds are available well in advance of the deadline. In order to apply, you need to have completed a Self-Assessment return which will confirm the tax liability.
What’s the process?
Each application is individually assessed and will be dependent on credit history and accounts; however, you can expect to provide:
- Latest annual filed accounts (full P&L and balance sheet)
- Management accounts
- HMRC statement confirming all outstanding tax liabilities
- Bank statements for the last 3 months along with confirmation of any overdraft facilities
You can expect a decision within 48 hours. Funds will be paid directly to HMRC, or you can be reimbursed if already paid. Depending on your circumstances, finance can be arranged in your business name or personal capacity.
It is important to pay HM Revenue and Customs (HMRC) by the 31st January deadline. You’ll be charged interest and may be charged a penalty if your payment is late.
If you have an imminent tax bill or any other finance requirement, please call us on 0207 294 7500 to discuss with one of our account managers or email info@claratus.com and we will be in touch to assist.