HMRC stipulate strict deadlines for submissions and payment of VAT. Business’s that miss these deadlines will face penalty and surcharges which is something to be avoided.
Our VAT funding facility allows you to manage your VAT payments without disrupting your business cash flow. Ideally, the VAT funding facility for a single VAT period should be spread over 3 months so that you clear the finance within the following VAT period. This will prevent your VAT backlog building up and affecting your future VAT period payment commitments.
We can provide your business with a continuous VAT funding scheduling service to allow your business to spread the VAT payments monthly on an ongoing basis.
Alternatively, we can help with financing a single VAT period as a one off facility should you require.
We can make payments direct to your bank account or accountant if you give us the authority to do so.