10 Year Disqualification for Applying for and Getting a £50,000 HSBC Bounce Back Loan When Only Entitled to a BBL of £8,532 by Over-Egging the Business Turnover and Leaving it Unpaid at Liquidation
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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