Tax Loans

Spread your tax bill with a flexible loan.

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Tax loans allow you to spread the cost of your tax bill. With funds available in as little as 24 hours, a tax loan is a great solution if you want to keep your cash reserves for other purchases and finance your tax liability with affordable monthly payments.

Benefits

  • Cash flow management
  • Fixed monthly payments
  • Funds in your account in as little as 24 hours
  • Protect existing cash reserves
  • Avoid late payment penalties from HMRC
  • Simple to apply – we accept 4 out of 5 applications

Key Terms

  • Borrow from £2k – £500k
  • Fixed payments over 3 months – 5 years

Eligibility Requirements

  • Trading for 3 years or longer
  • Track record of profitability
  • Short-term requirement

Get in touch to discuss your tax finance requirements.

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Types of Tax Loans

Cash Flow Management

Gain control over your finances with Tax Loans designed for efficient cash flow management, providing the flexibility to navigate your business expenses seamlessly.

Fixed Monthly Payments

Enjoy the predictability of fixed monthly payments with our Tax Loans, allowing you to plan your budget effectively and eliminate uncertainties in your financial commitments.

Funds in Your Account in 24 Hours

Experience swift financial relief with Tax Loans that ensure funds are deposited into your account within as little as 24 hours, providing timely solutions to meet your pressing tax obligations.

Protect Existing Cash Reserves

Safeguard your business’s liquidity by utilising Tax Loans to cover tax liabilities, protecting your existing cash reserves and maintaining financial stability for future opportunities.

Avoid Late Payment Penalties from HMRC

Steer clear of unnecessary penalties from HMRC by opting for Tax Loans, ensuring timely settlement of your tax obligations, and maintaining a positive financial standing with tax authorities.

Frequently Asked Questions

  • What is a tax loan?

    In the UK, a tax loan is a financial product that allows businesses to access funds to cover their tax payments to HM Revenue & Customs (HMRC). It provides immediate access to the necessary funds, helping businesses manage their finances and meet tax obligations on time.

  • What are the benefits of a tax loan?

    Tax loans offer several benefits for businesses, including improved cash flow management by providing flexibility to handle expenses. With fixed monthly payments, businesses can plan their budget effectively and avoid financial uncertainty. Tax loans provide quick access to funds, often within 24 hours, ensuring timely payment of tax liabilities. They also help protect existing cash reserves, maintaining liquidity for future opportunities. Additionally, tax loans help businesses avoid late payment penalties from HMRC by ensuring tax obligations are met on time.

  • What should you consider with a tax loan?

    The total cost of a tax loan includes interest, charges, and fees, which will vary depending on your business’s credit history. It’s important to carefully evaluate these costs before deciding if a tax loan is the right solution for your business. In some cases, a tax loan may require a personal guarantee.

  • Can small and new businesses apply for tax finance?

    SMEs can apply for tax loans, but eligibility requires businesses to have been trading for at least three years and to demonstrate a track record of profitability. To learn more about your eligibility, please get in touch with White Oak UK.

  • Will my tax loan funds be paid directly to HMRC?

    We usually deposit funds into an account specified by you. However, funds can also be paid directly to HMRC if you wish. Simply mention your preference to one of our helpful advisors.

  • What are the eligibility criteria for a tax loan?

    We consider each case individually, but our main criteria are:

    • That you have been trading for 3 years or longer
    • That you can show a track record of profitability
    • That you only require the funds as a short-term requirement

     

    If you’d like an instant answer that won’t affect your credit score, you can use our online eligibility checker.

  • What type of tax will a tax loan cover?

    Our tax loans are flexible, which means you can use the funds to meet a variety of different tax obligations. These include:

    • VAT bills
    • Corporation tax
    • Income tax
    • Other unexpected tax overheads

  • I’ve decided it’s not a tax loan I need. What other business finance products are available?

    Whether you want to cover your overheads or explore new areas of growth, we can provide a tailor-made financial package that will allow you to ease the pressure on payments or press the accelerator on expansion. We’ve helped countless clients – whether you need an influx of cash to secure a lucrative contract or you have an exciting roadmap into new opportunities, we can work with you to build either a short-term or long-term business finance plan.

“We explored various banking options, yet found none aligned with our needs. White Oak UK, however, demonstrated a thorough understanding of our business, making the financing process seamless”

Alchemy Coffee

Owner

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Contact our UK-based team if you have any questions

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