2 min read
Why HMRC debt matters
Unpaid tax signals cash-flow stress and, unmanaged, can escalate to enforcement. Lenders factor it into affordability. A one-off timing issue you are addressing is different from persistent, ignored arrears.
Managing it well
Agree a Time to Pay plan with HMRC and stick to it — that shows control. Some borrowers use a loan to clear a tax bill and smooth cash flow. Be upfront; a hidden HMRC debt found in a credit check is worse than a disclosed, managed one.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Can I get a loan if I owe HMRC?
Often yes, especially if you have a Time to Pay arrangement you are keeping to. Unmanaged, ignored tax arrears are the real problem.
Is a Time to Pay arrangement a black mark?
It is viewed far more favourably than ignored debt — it shows you are engaging and in control of the situation.
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