Lenient 5 Year Ban Handed Out to Company Director Who Used Around Two Thirds of His Company’s Barclays Bounce Back Loan for Personal Benefit and Left It Unpaid at Liquidation
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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