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Report Wesleyan Mind the VAT

Mind the VAT

UK SMEs are currently owed an eye watering £26.3 billion, with almost half failing to be paid on time with the average late payment debt now standing £32,185.

As VAT must be paid irrespective of whether or not the payment’s been received, the pressure of late payments can have a devastating effect. In an unpredictable and potentially volatile business environment, there is a glimmer of hope…

Report Snap Shot

This short whitepaper looks at alternative finance solutions that ensure SME’s monthly outgoings are fixed and VAT bills are paid to coincide with HMRC’s payment schedules.