Tax and VAT funding calculator
Enter your Revenue bill and how many months you would like to spread it over. The funding pays Revenue in full on time; your company repays the lender monthly.
Estimated monthly repayment
€10,293.68
- Paid to Revenue on time
- €60,000
- Total interest
- €1,762
- Total repayable
- €61,762
Tax and VAT funding pays Revenue in full by the deadline and spreads the cost. Compare it with a Revenue phased payment arrangement, which charges interest at 8% (corporation tax) or 10% (VAT, PAYE, RCT) a year and needs Revenue’s agreement.
Check eligibility for this amountIllustrative only. Actual rates, fees and terms depend on your circumstances and the lender. This is not an offer of finance.
How this calculator works
Tax and VAT funding is a short-term business loan used to pay Revenue by the deadline. Your company then repays the lender in fixed monthly instalments, usually over 3 to 12 months.
Paying late means Revenue interest and, for some taxes, surcharges. Revenue’s own phased payment arrangement is an alternative and charges interest at 8% a year on corporation tax and 10% a year on VAT, PAYE and RCT, if Revenue agrees. It is worth comparing both.
The result shows the amount paid to Revenue, the monthly repayment and the total interest. Try the shortest term your cash flow can take, as well as the longest.
For illustration only: €60,000 at an example 10% a year over 6 months costs about €10,294 a month, around €1,762 of interest in total. Keeping your tax affairs up to date also protects your tax clearance certificate, which many lenders, public contracts and grant schemes need.
Want to understand the product first? Read our guide to Revenue tax and VAT funding.
Tax and VAT funding calculator: common questions
Can I use this for corporation tax?
Yes. The funding works the same way for corporation tax, VAT, PAYE or preliminary tax: the loan pays Revenue, and the company repays the lender over an agreed term. Tax-bill funding is usually a general short-term business loan used for that purpose.
Is a Revenue phased payment arrangement cheaper?
It can be. Revenue charges 8% a year on corporation tax and 10% a year on VAT, PAYE and RCT under a phased payment arrangement, and decides whether to agree. A loan offers a fixed plan if a lender approves. Your accountant can help you compare both options.
Does a phased payment arrangement affect tax clearance?
Not necessarily. Revenue can issue a tax clearance certificate to a company whose arrears are covered by an agreed phased payment arrangement, although the application may be reviewed first. Revenue’s guidelines set a larger minimum down payment where tax clearance is needed. Keeping to the arrangement is essential, as missed payments can lead to clearance being rescinded.
What happens if I pay Revenue late?
Revenue charges interest on late payment and can apply surcharges to late returns. Ongoing tax debt can also affect your tax clearance certificate, which many lenders, public contracts and grant schemes ask for. If you cannot pay in full, contact Revenue before the deadline.
Will lenders fund a company with existing Revenue debt?
Some will, especially if the debt is under an agreed phased payment arrangement and the company is otherwise trading well. Be upfront about any arrears, because lenders often ask for tax clearance or check Revenue correspondence. Hiding tax debt can lead to an offer being withdrawn.
How quickly can tax funding be arranged?
Some lenders say they can decide within a few working days once they have bank statements, accounts and the Revenue figures; this is not guaranteed. Start early, ideally weeks before the deadline, so the money is in place in time. If the deadline is close, talk to Revenue as well.
Check in 60 seconds
Get real figures for your company
Checking involves no credit search and is not recorded on the Central Credit Register. No obligation.
- No credit search, not recorded on the Central Credit Register
- One request, several lenders: we’re a broker, not a lender
- For limited companies registered in Ireland
- No fees for your company: we’re paid commission by the lender
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