Issue - meetings

To consider a report of the Cabinet Member for Resources, Commissioning & Governance.

The report details a proposal to write off the Business Rates debt amounting to £106,244.98 owed by a limited company for office premises in Stockport.

Options to recover the debt have been exhausted so there is 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(NOTE: This item includes a ‘not for publication’ appendix that has been circulated to members of the Cabinet only).

The Cabinet is recommended to give approval to the writing-off of Business Rates debt of £106,244.98 as irrecoverable.

Officer contact: Alison Blount on 0161 474 5107 or email:

alison.blount@stockport.gov.uk

The Deputy Leader of the Council and Cabinet Member for Resources, Commissioning & Governance (Councillor Tom McGee) submitted a report (copies of which had been circulated) detailing a proposal to write off the Business Rates debt amounting to £106,244.98 owed by a limited company for office premises in Stockport.

(NOTE: This item included a ‘not for publication’ appendix that had been circulated to members of the Cabinet only).

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.

RESOLVED - 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.