Director Who Was Allowed to Estimate His Business Turnover to Get a £20k HSBC BBL Is Given a 9 Year Ban For Over-Estimating That Turnover. However, Based on the “Potential Defence” the Director May Put Up, the Liquidator Accepts a £4k Payment to Be Made Next Year to Stop Any Action Against That Director
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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