This product will continue to build on the funding solutions Investec offers to SMEs and corporates and will be available through all of Investec’s introducers.
This new product will help UK businesses pay their Corporation Tax bill through fixed periodical payments, instead of paying outright with cash or an overdraft, preserving working capital and enabling them to invest money back in their business.
Mike Francis, Head of Asset Finance at Investec, said:
“In each of the last two years the total amount of Corporation Tax paid in the UK was approximately £42bn and often represents companies’ largest single bill of the year. This product presents Investec and its brokers with a significant opportunity to provide additional support to UK businesses.
