For Not Repaying His Company’s £50K Santander BBL Once He Secured a £76K Funding Circle CBILS Loan as Required by the Rules of those Schemes, and Then Failing to Repay a Penny Piece of Either Loan, a Director is Today Starting a 6 Year Ban
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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