A 6 and 7-year Disqualification Given to Co-Directors Who Overstated the Turnover of Their Business to Bag a Bounce Back Loan and Made Payments Not For The Benefit of the Business Using the BBL Funds
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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