Co-Directors Given 11 Year Disqualifications for Applying for and Getting a £50k Bounce Back Loan for a Business with No Turnover and Not Even Trading and Using it for Personal Benefit Leaving it Unpaid at Liquidation
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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