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The Bounce Back loan scheme was introduced to support businesses during the coronavirus (COVID-19) pandemic. The guide explains why that loan must be repaid.
Enfield-based cleaner said she earned 55 times her actual turnover to fraudulently claim a £50,000 Bounce Back Loan before petitioning for her own bankruptcy
Three businessmen from southeast England each claimed the maximum £50k Bounce Back Loan and one dissolved his company to avoid repayment.
11 sham companies were part of a group that fraudulently claimed UK-taxpayer funds and transferred the money to Hong Kong.
Fraudster used government-backed Bounce Back Loan for personal use
This Data Usage Agreement for Department for Business, Energy and Industrial Strategy (BEIS) sampling of Bounce Back Loan application turnover data against HMRC was approved and put in place in 2021.
Businessman applied for two Bounce Back Loans and failed to disclose existence of first loan to liquidators
Aleksander Staskiewicz overstated his company turnover in order to secure the taxpayer-backed funds.
This Data Usage Agreement for the Bounce Back Loan fraud analytics pilot between the Department for Business, Enterprise and Industrial Strategy, the Cabinet Office and HMRC was approved and put in place in 2021.
Director overstated his company’s turnover to claim the maximum Bounce Back Loan and could not account for how the money was spent
This Data Usage Agreement for HMRC use of Bounce Back Loan data for fraud detection was approved and put in place in 2022.
Company director disqualified and ordered to pay compensation after Bounce Back Loan misconduct
HMT management information about the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme.
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