You’ll be Able to Confirm Yourself (If You’ve Defaulted) That BBL Lenders All Appear to Be Behaving Themselves (Currently) and Are Stepping Back and Ceasing All Recovery Action on Defaulted BBLs After 12 Months – If You Don’t Know Why, Read On
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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