Wellingborough Based Director Gets a £5k Barclays BBL By Declaring His Turnover as £20k Then Tries His Luck at Getting and Does Secure a Second BBL from HSBC Worth £50k By Declaring a Turnover of £200k For Which He is Given 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