With No Adequate Accounting Records to Go By to Prove Whether a Company Director Blagged and/or Abused a Bounce Back Loan or Not, He is Given a 6 Year 6 Month Ban As It Was Left Unpaid
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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