I'm approaching my Corporation Tax deadline and short of cash — what can I do?

A looming Corporation Tax bill you can't cover risks interest and penalties; a short facility clears it on time and is repaid on terms that suit your cash flow. Missing a Corporation Tax deadline brings interest and can escalate into penalties and pressure from HMRC. Paying on time, even with borrowed money, is almost always cheaper than not.

I'm approaching my Corporation Tax deadline and

2 min read

Deadline closeCash short

Pay on timeAvoid penalties

Short facilityRepay on your terms

Why paying on time matters

Missing a Corporation Tax deadline brings interest and can escalate into penalties and pressure from HMRC. Paying on time, even with borrowed money, is almost always cheaper than not.

Fund the bill

A short working-capital facility clears the tax by the deadline, then you repay on terms structured around your cash flow rather than HMRC's fixed date.

Get ahead of the next one

Set money aside for tax as profit is earned — the method in our how-to on setting money aside for VAT and tax means the next deadline holds no surprise.

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 when the numbers work.

Frequently asked questions

Can I borrow to pay Corporation Tax?

Yes. A short facility clears the bill on time — avoiding HMRC interest and penalties — and is repaid on terms that suit your cash flow rather than the fixed tax deadline.

What happens if I miss a Corporation Tax deadline?

HMRC charges interest and can add penalties, then chase the debt. Paying on time with a short facility is almost always cheaper than the cost of missing the deadline.