Issue - meetings
Business Rates - Write Offs
Meeting: 18/07/2023 - Cabinet (Item 29)
29 Business Rates - Write Offs 
PDF 95 KB
Additional documents:
Decision:
As detailed in the recommendation.
Minutes:
Councillor Mullin introduced the report and explained that for individual bad debts more than £25,000, Financial Procedure Rules (section 5.2) asked Cabinet to approve recommendations to write off debts.
A Business Rates debt for PPA Ltd, totalling £38,563.06, was deemed to be
irrecoverable as the company was now in compulsory liquidation. Business Rates
were always classed as non-preferential debts and since there were no assets
available for non-preferential creditors successful recovery of this Business Rates debt was no longer possible.
The Chief Officer (Governance) explained that the proposals, as set out in the consultation, did not have any direct resource implications for the Council.
RESOLVED:
That the Business Rates write off totalling £38,563.06 for PPA Ltd be approved.