Companies often need help with a tax bill and a loan payment at the same time. The two arrangements are not in competition — they can be run together so neither tips the company over.
They are separate agreements
Your Time to Pay is with HMRC; your payment arrangement is with us. Each is agreed on its own terms. Neither cancels the other, and keeping to both is what steadies the company.
Coordinate the dates
Line up the two sets of instalments so they fall when cash is available, not on top of each other. Once you know your HMRC schedule, tell us and we can shape our arrangement around it. Interest on our loan continues at 0.25% per day and the 100% cap applies.
Keep both informed if things change
If your circumstances shift, tell both HMRC and us early. Both prefer a revised plan to a broken one, and both are far easier to deal with before enforcement than after.
Read the detailed guide below, then set up your side with the Payment Arrangement form.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What an HMRC Time to Pay means for my Credicorp payments, Dealing with HMRC Time to Pay arrangements, An unexpected tax bill has wiped out my cash.