With No Accounting Records It Was Not Possible to Verify if a Company Was Eligible for the Job Retention Scheme Payouts it Received, and as the Director Used a Barclays Bounce Back Loan for Personal Benefit he has Just Received a 7 Year Disqualification for His Wrongdoing
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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