12 Year Disqualification for Applying for a Bounce Back Loan When His Business Had Ceased Trading Using Most That £50k BBL for Personal Use, Over-Egging Turnover and Failing to Give the Bank Notice of the Dissolution
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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