Very Early Indications Are That Some Bounce Back Loans Have Been Paid Back in Full, PAYG Options Are Being Utilized by Many and Defaults Are Beginning to Appear
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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