Using a £50k Bounce Back Loan for His Own Personal Benefit and Leaving It Owing at Liquidation Leads to a Company Director Getting a Lenient 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