Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
A small number of high value debts (over
£50K) are considered to be irrecoverable despite extensive
efforts. This report considers these debts and recommends that they
are written off in line with good accounting practice.
The Cabinet has considered, and given approval, to a proposal to write off a Business Rates debt amounting to £106,244.98 as irrecoverable that was owed by a limited company for office premises in Stockport.
It was noted that options to recover the debt had been exhausted so there was no prospect of recovery. Part payment was received as full and final settlement following a legal agreement.
(NOTE: This item includes a ‘not for publication’ appendix that has been circulated to members of the Cabinet only).
Reason Key: Significant expenditure or savings;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: N/A
Decision Reference: CAB232
Declarations or conflicts of Interest: None.
Forward Plan Reference: RCG10
Other reasons / organisations consulted
Contact: Alison Blount, Corporate and Support Services Email: firstname.lastname@example.org Tel: 0161 474 5107.
Report author: Peter Jones
Publication date: 24/06/2020
Date of decision: 23/06/2020
Decided at meeting: 23/06/2020 - Cabinet
Effective from: 01/07/2020