With a self-assessment loan, you could spread the cost of your tax bill over time, settling your bill with HMRC and then repaying the loan in manageable, fixed monthly repayments, enabling you to retain capital within your business whilst keeping on top of your tax payments.
Self-assessment loans are typically unsecured loans, which means that they do not require collateral and are based on the borrower's creditworthiness. They can be used to cover the cost of a tax bill, as well as any penalties and interest charges that may apply.
Income and other outgoings are normally budgeted monthly so spreading the cost of self-assessment can help cashflow, align the outgoing with income and enable you to manage finances more effectively. The capital that you retain can be used to grow the business.
For LLP members or Partners who are taxed individually on their share of the firm's profits, a self-assessment loan can be taken out by the firm to spread the cost, aligning it with other business outgoings and income.
You would make repayments on the loan over 6, 10, or 12 months so you can align the repayments with income and manage finances more effectively. The capital retained can be used to operate and/or invest in the business.
"It was great working with Bluestone to fund our VAT bill - they have been helpful and supportive to our requirements. The process has been easy and it's one less thing for the business to have to worry about."
Miranda Jules, Admin Director, G2 Studio
By filling out this form, you agree to the terms laid out in our privacy policy
In some cases, even if you have already made the payment to HMRC, we may be able to secure finance for you retrospectively if you contact us within 14 days of making the payment.
Self-assessment tax returns and payments have specific timeframes and deadlines that must be met. These are as follows:
It is important to be aware of these deadlines and to take action to meet them.
We would recommend getting in touch with Bluestone up to three months before the self assessment deadline is due for more complex cases. However, we can look to provide finance within a few weeks for simple cases.
At Bluestone, we understand that applying for a self-assessment loan can be a daunting process, especially if you're unfamiliar with the requirements and criteria. That's why we're here to support you every step of the way.
You’ll deal directly with our business loan specialist, James Lewis, who’ll support you every step of the way.
James has years of experience helping individuals like you secure the funding they need to cover their self-assessment tax bills.
He'll work closely with you to understand your specific requirements and provide you with a range of financing options tailored to your needs.
You can contact our Loans Specialist, James Lewis at james.lewis@bluestone.app.
Alternatively, visit his page to book a meeting.
Our team of finance experts have years of experience helping individuals like you secure the funding they need to cover their self-assessment tax bills.
We'll work closely with you to understand your specific requirements and provide you with a range of financing options tailored to your needs.
Contact us today to learn more about how we can support you with your self-assessment tax bill, or you can email our Loans Specialist directly at james.lewis@bluestone.app.
To be eligible for a tax return loan, you will typically need to provide information about your organisation, including your tax return information and financial statements. The application process for a tax return loan is typically straightforward and can often be completed online or over the phone.
BS.202507.01FAQ101
The typical repayment terms for self assessment tax return loans are usually between 6 and 12 months, and the interest rates can vary depending on the lender and the loan amount.
BS.202311.01FAQ62
The eligibility requirements for self assessment tax return loans can vary depending on the lender and the type of loan, but typically, you will need to have a good credit score and stable business revenue to be approved. Some lenders may also require that you have been in business for a certain time and that you have a positive business history.
BS.202311.01FAQ5
A self assessment tax return loan can help you manage your cash flow and meet your tax obligations by providing you with the funds you need to pay your taxes on time. This can help you avoid penalties and interest charges that may result from late or missed payments, and it can also help you maintain good standing with the tax authorities.
BS.202311.01FAQ34
A self assessment tax return loan is a loan specifically designed to help business owners manage their cash flow and meet their tax obligations. It is a short-term loan that is usually repaid within a year, and it is based on the expected amount of your tax return. This type of loan is different from other types of loans for organisations in that it is specifically designed to help you manage your tax obligations, rather than providing long-term funding for your operations.
BS.202311.01FAQ68
We know finance can be complex and often it's easier to talk things through. Drop us a message or give us a call 0330 135 8660 and we'll get back to you ASAP.
Our team are here for you, let us show you what we can do!
By filling out this form, you agree to the terms laid out in our privacy policy
.png)
