HMRC to Retract Winding-Up Petition
Friday, 17th Jan 2020 15:37
A winding-up petition against an Ipswich Town company due to be heard at the High Court on January 29th will be retracted by HMRC having been raised in error, according to the Blues.
The petition related to a VAT charge which Town paid in December last year.
A Town statement reads: "Our VAT group covers ITFC, Ipswich Town PLC and Ipswich Town Stadium Company.
"HMRC confirmed that the petition was withdrawn for ITFC and Ipswich Town PLC but they had not withdrawn the petition for the Stadium Company in error. They are retracting the petition from the court."
The Ipswich Town Stadium Company was set-up at the time of the building of the two new stands in 2001 to deal with income from matchday tickets and other stadium use.
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