7 Year Ban for Business Owner Who Over-Egged Turnover to Get a Bounce Back Loan and Spent Most of It Gambling and a 9 Year Ban for Another Who Bagged Two BBLs That He Was Not Entitled To Part of Which Were Used for Personal Benefit
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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