Having Blagged a £50k Bounce Back Loan from HSBC for His Dormant Company with No Turnover, and Leaving the BBL Owing After It Entered a Creditors’ Voluntary Liquidation, a Company Director Is Given a 10 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