Having Repaid Just £1,033.48 of a £50,000 Bounce Back Loan Obtained From Lloyds Bank by Over-Egging His Business Turnover, a Company Director is Now Starting 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