Living the Highlife With a £40k Barclays Bounce Back Loan Obtained For His Company That Wasn’t Trading That Had No Turnover, Then Leaving You the Taxpayer to Pay it Back, Sees the Director Being Given a Hefty 12 Year Ban
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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