lemonjelly
Housecoat, la
- Joined
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the ongoing northampton town saga provides even more astounding news:
http://www.bbc.co.uk/news/uk-england-northamptonshire-38045149
http://www.bbc.co.uk/news/uk-england-northamptonshire-38045149
A company under investigation over missing public money intended for a football stadium redevelopment received almost £1m in VAT repayments, the BBC has learned.
1st Land Ltd, set up to redevelop Northampton Town's Sixfields stadium, had been passed £7.25m of a £10.25m loan from Northampton Borough Council.
The redevelopment remains unfinished and 1st Land is in liquidation.
Owner Howard Grossman said the VAT repayments were "all legitimate".
Mr Grossman did not elaborate on how 1st Land qualified for the repayments, but said they were all "in accordance with HMRC (Her Majesty's Revenue and Customs) rules".