Issue - meetings
Write off in excess of £5,000
Meeting: 19/06/2023 - Cabinet (Item 131)
131 Write off in excess of £5,000 relating to a business 
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Purpose
To seek approval for the writing off of business rates debts in excess of £5,000
Recommendation
That Cabinet resolves to:
1) Approve the write off of the outstanding accounts totalling £11,384.40
Additional documents:
Minutes:
The purpose of the report was to seek the approval of Cabinet for the writing off of business rates debts in excess of £5,000.
The Deputy Leader and Cabinet Member introduced the report and outlined how this was a follow on from a previous decision taken on 7 December 2020. The previous decision was relating to the collection of outstanding business rates and the final settlement agreement to secure the repayment of £75,307.27 which removed secured charges of £100,034.71.
It was outlined that the decision taken at the time was part of the advice given by the Insolvency Practioner who was instructed to recover the monies owed.
It was noted that four additional properties that should have been considered as part of the settlement agreement but it was not presented at the time of the original report.
It was therefore asked that Cabinet approve the write-off of £11,384.40 in the outstanding accounts as the monies would not be obtained.
Following Cabinet Member questions about any future potential opportunities to secure the money, it was noted that this was not possible in this case due to the settlement agreement with the company
RESOLVED: That Cabinet APPROVED the write off of the outstanding accounts totalling £11,384.40
Voting Record - 7 For, 0 Against, 0 Abstention, 1 Did not vote/absent
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For |
Against |
Abstention |
Did not vote/absent |
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Claire Bloomer |
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Juliet Layton |
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Joe Harris |
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Lisa Spivey |
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Mike Evemy |
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Mike McKeown |
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Paul Hodgkinson |
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Tony Dale |
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