Decision details

Write Off of Business Rates Debt

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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.

Decision:

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(NOTE: This item includes a ‘not for publication’ appendix that has been circulated to members of the Cabinet only).

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

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

N/A

Contact: Alison Blount, Corporate and Support Services Email: alison.blount@stockport.gov.uk 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

Accompanying Documents: