Hefty 11 Year Disqualification Handed Out to Company Director for Over-Egging Turnover to Get a £50k Bounce Back Loan and Not Using it for the Benefit of the Business and for Leaving It Owing at Liquidation
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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