Company Director Makes Net Payments to Himself to the Detriment of His Company’s Creditors Such as Not Repaying a £10k Lloyds Bounce Back Loan and is Slapped with a 5 Year Ban
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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