Filing Dormant Company Accounts Proves to be the Undoing of a London Based Director As They Showed He Over-Egged His Turnover and Wasn’t Trading When He Bagged a £50k Metro Bank BBL and as Such He Has Been Hit With a 10 Year Ban
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Watch Your Backs
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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