Lack of Business Due to Lockdown and Mounting Debt Forced the Hand of a Company Director Who Applied for a £25k Santander BBL Which Was Then Used to Repay Personal Loans, the Upshot of Which Was a 6 Year Disqualification
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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