Subscriber Special – Government Confirms Some Bounce Back Loan Lenders Entered Business Owners Details Onto the BBL Portal More Than Once, But Were Eventually Caught Trying to Blag the BBL Scheme, and Had Their Guarantees Removed – Leading to Completely Innocent Business Owners Initially Being Classed as Suspected Fraudsters
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Watch Your Backs
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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