Free your cash flow
VAT returns represent a significant outlay and can regularly impact the cash flow of any business. Tying up cash in short-term expenditures such as VAT can mean that you have reduced working capital for other important areas of your business. This is where a flexible finance solution from a specialist provider such as Wesleyan Bank can help.
Spreading the cost of your VAT bill over 3-12 months can have positive effects and ensure you are in control of your cash flow. It also can give you more predictability over your expenditure allowing you to smooth peaks and troughs.
Speak to one of our dedicated and knowledgeable account managers today to see how we can help support your business today and in the future with VAT funding or other short-term loan solutions.
This funding is currently only available to existing customers of Wesleyan Bank.
*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.
Where we act as a Broker, loans are provided by a single lender. In these instances, we receive a commission payment calculated as a percentage of the overall loan value from the lender. This commission payment does not impact the final amount that you pay for borrowing.
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.