Leicester Based Director of a Taxi Company Over-Egged His Company Turnover to Blag a £50k Bounce Back Loan, Then Transferred the Money To a Connected Company and Applied for and Got the Company Dissolved, He Is Today Starting an 11 Year Ban – New Law Also Means He Could Be Jailed
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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