Another Eight Bounce Back Loans Valued at £331,500 Go Bad With One Sole Trader Blagging Three BBLs Worth £124,500 When Only Eligible for One – Turns Out He Over-Egged His Turnover and Did Not Use the Funds to Help His Business
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Corruption Commissioner
HMRC, Cabinet Office and the Department of Business and Trade Have Now Flagged Bounce Back Loan Recipients Whose Actual Turnover Didn’t Match Their BBL Application and/or LTD Companies Who Were Not Registered for VAT But Declared a BBL Turnover Figure That Required VAT Registration