Issue - meetings

Business Rates Write-off Over £25,000 Needing Approval

Meeting: 20/09/2016 - Cabinet (Item 67)

67 Business Rates - Write Off above £25,000 PDF 83 KB

Decision:

As detailed in the recommendation.

Minutes:

Councillor Mullin introduced the report on Business Rates – Write Off above £25,000.

Richmond Investment Properties Ltd were liable for business rates at the Bryn Awel Hotel, Denbigh Road, Mold for the period between 25^th July 2012 and 8^th July 2014. Despite litigation action being taken by the Council to recover business rate liabilities amounting to £25,881.51, the debt remained outstanding and was now considered to be irrecoverable on the basis that all recovery options had been exhausted.

The Chief Officer (Community and Enterprise) explained that there were no direct financial implications for the Council or local taxpayers as business rates which were collected were borne by the National Collection Pool for Wales. As the Collection Pool was supported by Welsh Government, non-payment of rates did though have a wider impact on the Welsh taxpayer.

RESOLVED:

That the write off of the business rate debt for Richmond Investment Properties Ltd amounting to £25,881.51 be approved.