Treasury announces more flexibility for Bounce Back Loan repayment

Published on: 08 February 2021

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Specialist Tax Regulatory Materials

Article summary

HM Treasury has announced that businesses which took out Bounce Back Loans to mitigate the effects of the coronavirus (COVID-19) pandemic will have greater flexibility to repay them, through ‘Pay as You Grow’ repayment options. The announcement means that borrowers will have the option to tailor payments according to their individual circumstances.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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