Bank of Ireland on Thursday announced details of a new loan designed to help businesses in the Republic to fulfil their tax obligations in the run-up to the October 31 deadline.
Speaking following the launch of BoI's Tax Payment Loan, the Bank's director of business banking, Liam Madden revealed that the service is primarily aimed at Irish professionals facing liquidity crises due to the forthcoming tax deadline.
'It will enable business owners and managers of professional practices such as doctors, dentists, accountants, solicitors and veterinary surgeons to spead tax liabilities evenly accross the financial year and avoid a cash flow crisis,' Mr Madden explained.
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