Having Applied for a Bounce Back Loan For His Business That Wasn’t Trading with Dormant Accounts, and Not Using the £50k Barclays BBL for the Benefit of His Business a Director Gets an 11 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