Nine Sole Trader BBL’s Worth £400k (Two to One Person) Go Bad with the Proceeds of Those Loans Being Used for Personal Benefit Including Garden Improvements, Gambling and Trading on a Trading Platform and Who Knows What Else
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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