Having Claimed His Business Turnover Was Almost Double the Actual Amount to Blag a £50k Bounce Back Loan from Lloyds Bank, Giving £40k to an “Investment Company”, Not for the Benefit of the Business and Leaving £44k of that BBL Unpaid, a Company Director is Today Starting an 11 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