NewsBot
04-Dec-21, 01:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Eyewatering Fraud - The Bounce Back Loan Scheme: An Update
https://caithness-business.co.uk/image_cache/na15417_tn.jpg
Counter-fraud activity for the Bounce Back Loan scheme was implemented too slowly to be effective and government's activity to limit taxpayers' exposure to fraudulent loans is inadequate, according to a report from the National Audit Office (NAO). The Department for Business, Energy and Industrial Strategy (the Department) launched the Bounce Back Loans scheme (the scheme) on 4 May 2020, offering Bounce Back Loans of up to £50,000, or a maximum of 25% of annual turnover, to support businesses during the COVID-19 pandemic. [Read Full Article (https://caithness-business.co.uk/article/15417)]
Eyewatering Fraud - The Bounce Back Loan Scheme: An Update
https://caithness-business.co.uk/image_cache/na15417_tn.jpg
Counter-fraud activity for the Bounce Back Loan scheme was implemented too slowly to be effective and government's activity to limit taxpayers' exposure to fraudulent loans is inadequate, according to a report from the National Audit Office (NAO). The Department for Business, Energy and Industrial Strategy (the Department) launched the Bounce Back Loans scheme (the scheme) on 4 May 2020, offering Bounce Back Loans of up to £50,000, or a maximum of 25% of annual turnover, to support businesses during the COVID-19 pandemic. [Read Full Article (https://caithness-business.co.uk/article/15417)]