Indian Restaurant Director Given a 6 Year Ban for Transferring a Large Chunk of His Company’s HSBC Bounce Back Loan to a Third Party – Liquidator Says Even Though He Is Confident He Could Secure a Court Order Against the Director For Return of the Funds, The Director Has No Money, So Wouldn’t be Able to Enforce It, So He Doesn’t Bother
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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