Having Taken Out a Barclays £20k Bounce Back Loan Then Giving It To Himself as a Loan a Few Days Later and Leaving Most of It Owing at Liquidation Results in a 6 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