Issue - meetings
Business Rates – Write Offs
Meeting: 21/01/2020 - Cabinet (Item 134)
134 Business Rates – Write Offs PDF 98 KB
As detailed in the recommendation.
Councillor Mullin introduced the Business Rates – Write Offs report.
Two Business Rate debts were considered to be irrecoverable as the ratepayers had either entered into liquidation or were no longer trading. Consequently, there were no assets and successful recovery of the debts was no longer possible and a write off was necessary, totally £60,260. The organisations were Richmond Investment Properties Ltd (£25,882) and Mr Ryan Corbett, trading as ‘Jump 2 It’ (£34,378).
Individual bad debts in excess of £25,000 required Cabinet approval to write them off, in line with Financial Procedure Rules of the Council.
That the write off for the Business Rate debts set out in the report be approved.