Not Repaying His Company’s Bounce Back Loan with the Proceedings of a Coronavirus Business Interruption Loan As Required by the Terms of that Scheme, Leads to a Company Director Being Hit with a 5 Year Disqualification
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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