Liquidator Spots a Company Wasn’t Trading When It Applied for and Got a £50,000 Bounce Back Loan from Starling Bank and Therefore Wasn’t Eligible for the BBL Resulting in an 11 Year Ban for the Director
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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