After Checking a Total of Seven Bank Accounts It Was Discovered a Business Owner Did Over-Estimate His Turnover to Get Two £50k Metro Bank Bounce Back Loans and is Now Starting a 7 Year Disqualification After Taking the Insolvency Route With His Two Businesses Leaving Both BBL’s Unpaid
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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