Pilot Scheme to Recover Fraudulent Duplicate Bounce Back Loans to Go Live – An Initial 200 People Are Going to Be Targeted During the “BBL Summer of Love”, If Successful the Rest Will Be Targeted During the “BBL Winter of Regret”
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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