VAT Registration Documents and Bank Statements Used to Prove a Company Director Over-Egged His Turnover to Get a £45k Barclays Bounce Back Loan That Ultimately Was Not Used for the Benefit of the Business Resulting in an 11 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