What is Tax Pay?
Tax Pay is essentially a line of credit that you can draw on to pay your ATO liabilities on demand. Once approved, you can easily draw down funds (paid directly to the ATO by Tax Pay) with payment occurring overnight.
What are the requirements?
Tax Pay is available to businesses that meet the following criteria:
- Been operating for at least 3 years with an active ABN;
- Has an outstanding ATO liability;
- Financial statements show a profit with the ability to service the loan; and
- Have net tangible assets over $200k.
Is the loan secured or unsecured?
Tax Pay loans are unsecured.
A guarantee is required from all individuals with control over the business, but no security is required.
What are the loan terms and fees?
All loans have the following terms:
- a flat interest rate of 9%;
- 12 month loan term; and
- All interest plus first month’s repayment up front (pro-rata interest is remitted if the loan is paid out early).
** Disclaimer: all details were correct as of the time of writing but are subject to change by Tax Pay. Please check Tax Pay’s website to confirm the current details **
The Benefits of Tax Pay vs ATO Debt
Interest is tax deductible
From July 2025 ATO interest is not tax deductible – interest charged by Tax Pay will be tax deductible (subject to the normal rules around claiming tax deductions for interest).
Lower interest rate
The ATO’s interest rate is currently around 11%, which is significantly higher than the 9% on offer with Tax Pay.
Lower up front deposit
The ATO will often require a 20% deposit against your debt with wny payment plan, Tax Pay requires the interest up front plus the first month’s payment, which works out to be around 13% of the amount financed.
Flexibility
Tax pay provides more flexibility than the ATO, with early repayments, repayment holidays, and a line of credit you can draw down on at any time. Much easier than applying for a payment plan from the ATO.
Credit reporting
The ATO are increasingly likely to report outstanding debts to credit reporting agencies – impacting your ability to get finance in the future. Having the ATO debt paid by Tax Pay eliminates that risk.
Director penalties
The ATO has the ability to make company directors personally liable for some ATO debts, with nothing more than a letter needing to be sent. Eliminating the ATO debt removes this risk.
How to get Started...
Step 1: Contact us
This one’s easy – just contact us! Either fill in the below form, or send an email to admin@mcaaccountants.com.au, with “Tax Pay” in the subject line, and details of the ATO debt you are interested in getting a loan for.
Step 2: Collate documents
We do much of the heavy lifting here… Most of the information that Tax Pay will require is accessible by us: financial statements, tax returns, ATO debts, etc. We will let you know what other info is needed.
Step 3: Pre-application check
While we are collating your documents, we will put your details in the Tax Pay calculator to make sure you fit within their terms. If we can see that you won’t be eligible, we can tell you at this point and ensure we don’t waste any of your time (or ours).
Step 4: Application
Assuming all is OK, we will put together your loan application with associated documentation for you to review and sign.
Fees
We note that Tax Pay have agreed to cover the first 1.5 hours of our fees in relation to the loan application – so there is no cost to you for us to get here (unless of course we have to do additional work to get your figures to a point where they are usable – such as complete financial statements and tax returns).
Step 5: Lending agreement
Tax Pay will do their thing, assess the application, and either decline or provide you with a funding offer / agreement for you to sign.
Step 6: Access funding
Once approved and signed, you will have access to the Tax Pay portal where you can access funding.
More Information
You can read more about Tax Pay on their website at https://apx.capital/au/solutions/tax-pay/tax-pay-for-business/.
Disclaimer
We are not providing any advice as to the suitability of the Tax Pay product to you and your circumstances. We are merely presenting a funding alternative through a trusted business partner. Tax Pay is a part of the APX Capital network, who also provide us with our online payment facilities.
All details on this page were correct at the time of writing (7 April 2026). We highly recommend viewing the current terms on the Tax Pay website (listed above). All terms will be presented on the documentation you sign.
We do not receive any commissions based on loan amounts, we do receive a $300 payment (per annum) from Tax Pay for successful loans – which is designed to merely cover our time in dealing with the loan application and annual review.