Paying your VAT Bill
We understand the need to pay VAT each quarter can put a strain on your firm’s cashflow, especially when you have enjoyed a particularly busy period or when fee notes have been issued to clients but the fees not yet paid.
To help you through this point, Key Business Finance offers the VAT Payment Account , a flexible way of paying your VAT monthly, rather than on a quarterly basis.
Benefits to your firm
- Flexible Funding Options – you can choose to use the Account on an annual rolling basis or just fund a particular quarter.
- Direct settlement of your VAT liability to HM Revenue & Customs
- An additional line of credit – you can put your existing banking arrangements to different use.
- A highly competitive fixed interest rate – you know what you will pay, leaving you able to budget accurately.
- Defer payment by up to a month.
How the VAT Payment Account works
When you decide to go ahead, we agree a credit level with you. All that you need to do is to calculate the amount of VAT payable and forward us your completed VAT return. We then pay HM Revenue & Customs, forwarding on your VAT return at the same time.
You have nothing to pay until the following month, when we confirm your monthly instalment and collect payment by Direct Debit for the next three months. This method can even defer the first payment you make by up to one month.
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Obtain a quotation now!
To see how Key Business Finance’s VAT Payment Account can help your firm, request a quotation now by either:
For further information on the VAT Payment Account, please download our Information Sheet.