Overstating Turnover, Using a Bounce Back Loan for Personal Benefit and Getting a BBL When Not Fully Entitled to One Leads to Three Individuals Being Given a 9, 7 and 10-Year Bankruptcy Restrictions Orders
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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