VAT Loans for WestWon

VAT loans has become a growth area over the last few years. Many professions, often firms of accountants and solicitors, finance their VAT payments mainly to match the expense with when client invoices are paid. Underwriting for VAT Funding Loans | Quick and easy VAT Loans | Funding for VAT payments | Loans for VAT Help to finance VAT payments | VAT funding finance loans is normally very quick and documentation simple to complete.

VAT Loans – Key features:

  • Finance your VAT bill with an unsecured loan

  • Save money by not incurring a 15% HMRC VAT surcharge for late payment

  • Finance your VAT over three months, then do the same again next quarter

  • Does not impact on your existing bank facilities

  • It’s simple to do and you will get a quick decision

VAT Loan example

WestWon business loans & Finance
  • Company
  • Loan Value
  • Term
  • Repayment
  • Rationale
  • Firm of architects
  • £25,000.00
  • 3 months
  • £8,656.25 per month
  • This firm of architects have many large contracts that have been invoiced, however, their customers have not paid. In effect, they not only have to finance their debtors but another 20% payable to HMRC

Benefits of VAT Loans

  • Cash flow

    Allowing you to keep funds in your business for other uses

  • Alternative funding lines

    No need to use up an existing bank facility

  • VAT

    On rental agreements VAT is paid in the rental, not in full and upfront

  • Tax planning

    Using a lease purchase agreement, if your investment in assets in one year is £200,000 or under, subject to some HMRC conditions, this expenditure can be fully offset against Corporation Tax. For many customers, a lease rental is a great solution as all rental repayments are allowable against Corporation Tax

  • Budgeting

    A lease repayment covers the cost of the equipment and interest. This makes internal allocation of costs very easy for those companies wishing to divide the cost by headcount, department or even square footage

  • Budgeting

    It’s easy to budget for a fixed rental payment over a three or five year term

  • Pay for the equipment as you use it

    Would you pay a new employee three years’ salary in advance, probably not. So why pay for their desk, computer or car in advance?

  • Obsolescence

    Under the WEEE directive, you have an obligation to dispose of certain assets in an environmentally friendly way. If you rent the equipment, you can just hand it back at the end of the rental term.

Get in touch

or send us an enquiry online

© 2017 WestWon Limited
The Financial Conduct Authority (FCA) regulates financial services in the UK and you can check this on the Consumer Credit Register by visiting the FCA’s website here or by contacting the FCA on 0800 111 6768. WestWon Limited, WestWon Leasemaster Limited and WestWon Fleet Limited are all credit brokers not lenders. WestWon companies deals with a range of lenders.
All WestWon companies hold a current Data Protection Licence and are registered for VAT. These details, together with our policy on Treating Customers Fairly, Complaints Policy and address details are held under our Get in Touch page.
This website uses Cookies to give you the best most relevant experience. Continued use of this site means you have accepted our policy.