The British Business Bank Boss Louis Taylor, Issues a Warning to the Covid Corruption Commissioner “If You Pursue People (Who Over-Egged Their Turnover to Get a BBL) for Fraud, Then You’ll Precipitate the Very Act You Don’t Want, That Being a Non-Performing Loan”
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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