A Corporation Tax Return, an Application to Register for VAT, Bank Statements and a VAT Return are Used to Prove Three Company Directors Over-Egged the Turnover of Their Business to Obtain a £50k Starling Bank Bounce Back Loan – All Given 7 Year Disqualifications
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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