County Down Based Director Given a 7 Year Ban For Using His Company’s Bank of Ireland Bounce Back Loan to Pay Himself a Significant Increase in Salary When the Company’s Turnover Was Decreasing Year on Year
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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