Agenda item
Outstanding debt for write off
Decision:
*RESOLVED
That the debt, as detailed in paragraph 4.2 of the officer’s report, be written off.
REASON FOR DECISION
Payment of this debt is unlikely to be forthcoming and early write off has been recommended by the Council’s external auditors.
Minutes:
The Operational Revenues Manager submitted a report seeking approval for the writing off of a business rates debt due to insolvency.
As formal insolvency proceedings had commenced, the Council could not take any action against the debtor to recover the debt therefore the Cabinet were asked to write off the debt as recommended by the Council’s external auditors.
*RESOLVED –
That the debt, as detailed in paragraph 4.2 of the officer’s report, be written off.
REASON FOR DECISION
Payment of this debt is unlikely to be forthcoming and early write off has been recommended by the Council’s external auditors.