Issue - meetings
Business Rates – Write Offs
Meeting: 22/01/2019 - Cabinet (Item 299)
As detailed in the recommendation.
Councillor Mullin introduced the Business Rates – Write Offs report which required Cabinet approval to write off debts.
Four Business Rates debts were considered to be irrecoverable for Limited Liability Companies that were no longer trading and had either been placed into administration or had been liquidised. Consequently, there were no assets and successful recovery of the Business Rate debt was no longer possible so a write off was necessary, totalling £217,396. Details of the companies were provided in the report.
The Chief Officer (Governance) explained that there were no direct financial implications for the Council or local taxpayers by writing off these debts as Business Rates were borne by the National Collection Pool for Wales. As the Collection Pool was supported by Welsh Government (WG), non-payment of rates did though have a wider impact on the Welsh taxpayer.
That the write off for the business rate debts be approved.