Newcastle Upon Tyne Director Given an 11 Year Ban for Blagging an HSBC £50,000 Bounce Back Loan By Stating His Business Turnover Was £300,000 When It Was in Fact Zero, and then Transferring the Money to an Associated Company Now in Liquidation
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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