Income Tax Loans
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What are Income Tax Loans?
Income Tax Loans is a type of short-term finance which usually has a term of twelve months, although iin cases it may be less. It is a particularly good financing option for individuals with significant income tax liabilities.
You can raise this type of finance as a way to cover your income tax liabilities. This is rather than paying your income tax as a lump sum, as you would usually nned to do. You can borrow the outstanding amount to settle your invoice.
The chosen lender will cover your income tax liability and they will often pay HMRC directly, and you will repay your lender over a period of months as agreed.
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