Director Gets Three Bounce Back Loans from HSBC For Three of His Companies Two Were Not Eligible and The Other Had Its Turnover Over-Stated. All Were Left Owing at Liquidation, and He Has Just Been Given a 12 Year Disqualification
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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