“Crafty” Company Director Doesn’t Supply Any Accounting Records to a Liquidator Thus Leaving Him Unable to Work Out Where a £50k Bounce Back Loan Went – So That Director Gets Just a 7 Year Ban Instead of a Much Longer One
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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