For Over-Egging His Business Turnover By Almost Ten Times The Real Turnover Figure to Blag a £50k Bounce Back Loan from Santander, an Enfield Based Company Director is Slapped with a 9 Year Ban – Liquidator States There are No Recoveries to be Made and a Halifax Based Sole Trader Slapped with an 11 Year BRO For Over-Egging His Turnover
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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