Banks Asking Some Bounce Back Loan Recipients to Verify Business Turnover and Advising Them They May Share Information Supplied on the Original Application with HMRC to Check If It Is All True and Valid
Hot Topics
Watch Your Backs
-
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