Camden Based Director Starting an 11 Year Ban Today for Blagging Metro Bank Out of a £50k Bounce Back Loan By Claiming His Company’s Turnover Was £215k When He Had Submitted Dormant Accounts and Transferring £25k Each to Two Individuals
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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