Applying for a Bounce Back Loan from Barclays with an Estimated Turnover of £100,000 When It Was In Fact Zero and Using Most of the £25k BBL For Personal Benefit Sees Company Director Slapped with a 6 Year Disqualification When Taking the Insolvency Route
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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