Bounce Back Loan Scheme
(asked on 26th January 2022) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the role of HMRC reference numbers was in the delivery of coronavirus Bounce Back Loans.
This question was answered on 3rd February 2022
Working with government, the British Business Bank introduced a turnover check for the Bounce Back Loan Scheme which used HMRC data to enable lenders to voluntarily verify whether turnovers provided by businesses on BBLS application forms were accurate. This was put in place from December 2020 and was one of a number of additional checks introduced after the launch of the scheme.