Having Blagged a Barclays Bank Bounce Back Loan for a Business That Had No Turnover Having Never Traded and Not Using those Funds for the Benefit of the Business and Leaving the BBL Owing at Liquidation Sees a Director Hit with a 9 Year Disqualification
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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