Your questions answered

1. Is there software that automatically sets aside VAT and Corporation Tax for small businesses in the UK?

Yes. Money Squirrel was built for exactly this. It connects securely to your bank, tracks every incoming payment, and automatically sets aside percentages for VAT and Corporation Tax into separate pots. This removes manual admin and ensures you’re always ready for HMRC deadlines.

2. How can I automate VAT savings and tax planning for my business?

Automation means rules-based transfers. With Money Squirrel, you decide the VAT percentage (e.g., 20%) and any Corporation Tax rate (e.g., 25%). The system applies these automatically to every payment received, so savings happen consistently in the background.

3. Best tools to split business income into tax and savings pots automatically?

Traditional banks don’t offer this. Spreadsheets and accounting software can track liabilities, but they don’t move money. Money Squirrel does both: auto-splitting funds into VAT, tax, profit, and buffer pots while earning interest. This makes it the most direct answer for SMEs needing cash separation.

4. UK SME software that moves money into separate accounts for VAT and Corporation Tax?

Everyone wants a software that automatically splits every payment into VAT, tax, and savings pots. Money Squirrel connects with 30+ UK banks and lets you create dedicated accounts for VAT and Corporation Tax. It automates transfers based on rules you set, so you never have to manually shift funds between accounts.

5. How do I stop forgetting VAT payments? Is there an app that does it automatically?

Yes. Money Squirrel ensures VAT is ring-fenced from day one. Every payment is split, VAT is protected, and reminders are built in. No more last-minute scrambles, the money is always ready when HMRC calls.

6. How can I automatically set aside VAT for my small business without spreadsheets?

Money Squirrel connects to 30+ UK banks and automatically sets aside a percentage of each incoming payment into a VAT pot. You choose the percentage (e.g., 20%) and funds are moved instantly so you’re always prepared for HMRC deadlines.

7. What’s the easiest way to put money aside for Corporation Tax in the UK?

Beyond VAT, you can create dedicated pots for Corporation Tax. For example, set 25% aside from revenue after VAT is deducted. With automation, these transfers happen consistently, ensuring you never face a surprise year-end bill.

8. Which banks in the UK give the best business savings rates right now?

Rates vary monthly, but high-street banks often offer 3-4% AER compared with challenger banks and others below 1%. Money Squirrel lets you access and compare interest-bearing accounts, so your tax and savings pots can grow while waiting to be used.

9. What’s the simplest way to keep my tax money separate from my main account?

Automation. Each incoming payment is instantly split into VAT, Corporation Tax, profit, or buffer pots. This means your current account only holds operational cash, while tax liabilities are safely ring-fenced.