The Day After Receiving His Company’s Bounce Back Loan a Director Chances His Arm and Applies for Another One and Six Months Later a BBL Top-Up Which Are Also Paid Out – For Bagging That Second BBL He is Today Staring a 10 Year Ban
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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