Insolvency Practitioner Slapped with a £7,500 Penalty, £5,000 of Which Was for Not Investigating Potential Misuse of a Bounce Back Loan – Hence the Covid Corruption Commissioner Now Looking Into That Aspect of Wrongdoing in the BBL Scheme
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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