Paying Off His Personal Credit Cards with a BBL and Not Explaining How He Arrived at His Estimated Business Turnover to Get a £50k BBL From Barclays Bank Leads to a Cornwall Based Director Getting an 11 Year Ban
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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