Company Director Given an 11 Year Disqualification for Claiming the Turnover Declared to Bag a £50k TSB Bounce Back Loan Was for “Protected Sales” When He Needed to Use His Actual (Much Lower) Turnover Figure and Not Explaining What it Was Used For
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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