Letter The FCA Have Sent to the Chairs of Several Lenders Telling Them to Stop Trying to Scam The BBL Scheme and to Stop the Abuse of SMEs and Those With a Bounce Back Loan
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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