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  • Views from the flipside
  • Tax Self-assessment: Simplify your return by submitting online

Views from the flipside

tax-blog.jpgWith the self-assessment tax deadline now just days away, many businesses will need to pay the second installment of their self-assessment tax bill.

In the first half of the year, HMRC reported that the highest number of returns were submitted on Friday 29th January, just two days before the January deadline. The race to submit returns close to the deadline date highlights that HMRC’s new digital campaign, 'Making Tax Digital’ is essential for many businesses.

According to HMRC, 86% of self-assessment tax returns are now made online.

Making Tax Digital

Released in late 2015, the Making Tax Digital’ campaign aims to simplify the tax process for many small businesses by using ‘four foundations’:

  1. Businesses won’t need to re-submit company information
    Any information HMRC holds on their accounts can be accessed at anytime

  2. Real-time reporting
    Businesses should not have to wait until the end of the tax year or even longer before knowing how much tax they should pay

  3. Tax in one place
    By 2020, users will be able to see all their financial information in one place. HMRC have compared the system to an ‘online banking account’

  4. Individual taxpayers to go digital
    Delivering digital access to all individual taxpayers

Tax payments with LDF

We’ve assisted over 7,000 businesses to finance their tax bills

Our tax loan product is purposely designed to assist in spreading essential tax repayments over 10 or 12 month term. Whether you have allocated the funds for this payment already, or are looking for another means of covering your bill, an LDF tax loan could provide you with a fast and flexible solution.

"I regularly use LDF to assist with asset funding, licence funding and tax funding; they are always quick, efficient and generally easy to deal with. My contact is Jason Morgan and I can't speak highly enough of the service he provides."

Keen Dicey Grover Chartered Accountants

Why choose White Oak UK?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. White Oak UK were professional, helpful, friendly, and best of all, fast.

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