Director Given a 10 Year Ban for Blagging a £50k Barclays Bounce Back Loan By Over-Egging His Turnover, Claiming His Company’s Turnover Was £220k When In Fact the Actual Turnover Figure Was Just £85.72
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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