Solicitors' Firm Avoid HMRC Penalties with Same-Day VAT Funding
Company Sector: Legal Services
Loan Amount: £67,312
Loan Purpose: HMRC VAT Bill Payment
The Challenge
This established solicitors' firm faced a critical VAT payment deadline when their clients failed to pay on time. With a debt collection agency involved and HMRC penalties looming, they needed immediate funding to avoid damaging their company credit profile with a HMRC 'Time-to-Pay' payment plan.
Our Solution
BEAR Business Finance delivered a same-day VAT loan solution, clearing the outstanding liability immediately and protecting the company’s credit rating. We structured repayment terms at competitive rates to ease cash-flow pressure while waiting for client payments.
The Results
- Same-day funding prevented HMRC late charges and penalties
- Company credit profile protected by avoiding HMRC Time-to-Pay arrangements
- Debt collection pressure removed through immediate settlement
- Cash flow relief via manageable repayment terms over 3 months
- Business continuity maintained without operational disruption
VAT bill looming and cash-flow tight? Avoid HMRC penalties and protect your company credit profile, contact BEAR Business Finance for rapid Tax funding solutions.
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