Nearly 500,000 SMEs say they have missed tax payment deadlines in the past three years with 19% of them admitting to missing five or more in the past 12 months, new research2 from Premium Credit, a leading provider of finance for businesses, shows.

Against an inflation rise to 3.6% and steadily increasing operational costs, cash flow for many regulated firms may be coming under extra strain.

Around one in five SMEs believe it will become more difficult to pay tax bills in the year ahead as business tax rises come into effect, new research from Premium Credit shows.

Premium Credit, a leading provider of insurance premium finance (IPF) and specialist payment solutions, is pleased to announce the appointment of Alan Scott as Director of Partner Relationships. Alan will focus on deepening collaboration with broker partners to drive mutual growth, increase customer offer and penetration rates, and enhance the overall partner experience.

New analysis from the UK’s leading insurance premium finance company, Premium Credit, shows the Construction sector borrows the most to fund insurance premiums but the Professional and Scientific sector saw the most growth in terms of using credit for this purpose.

Premium Credit, a leading provider of finance, is seeing a surge in growth for the total amount it lends and number of customers it helps spread the cost of VAT, corporation tax and self-assessment tax payments.