Unlock your cash flow for business growth
As a significant cost for your business, tax liabilities can put a considerable amount of pressure on your cash flow, even when you have planned for them.
Paying for your tax bill upfront can tie up your banking lines and mean that you are lacking working capital in other important areas of the business.
If you're thinking about spreading the cost of your corporation tax liability in order to retain working capital in your business, Wesleyan Bank can help.
Providing a short-term unsecured loan over 6 or 12 months, you can benefit from set monthly payments to help you to manage your cash flow throughout the year.
*Update October 2020*: Previously, self-employed professionals who pay tax by payment on account were allowed to defer their July 2020 payment to 31 January 2021 but were then expected to settle their account in full. However, under the Winter Economy Plan, those who pay tax by self-assessment can defer the payment due on their 2019-20 tax return for 12 months from January 2021. Click here for further information.
Wesleyan Bank acts as a broker and a lender.
Written quotations are available on request from Wesleyan Bank Ltd. Credit facilities are subject to status and only available to UK residents over the age of 18. Wesleyan Bank Ltd reserves the right to decline any application.
Depending on the circumstances and where required by law, loans will be regulated by the Financial Conduct Authority and the Consumer Credit Act.