Business Owner Bags a £50k Lloyds Bank Bounce Back Loan by Over-Egging His Turnover When Not Even Trading and Ends Up With an 11 Year Disqualification After Winding Up His Business
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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