With No Assets Other Than the Company’s BMW, Which the Liquidator Sells for £8,750, a Company Director Who Over-Egged His Turnover to Get a Starling Bank £50,000 Bounce Back Loan Is Given a 10 Year Ban as Punishment
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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