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South Lanarkshire Council write off over £3 million in debt

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dailyrecord.co.uk

South Lanarkshire councillors have approved plans to write off over £3.2 million in debt.Elected members on the Finance and Corporate Resources Committee agreed to write off a whopping £3,251,699.83 of irrecoverable debts.Debts included £2,196,799.14 in council tax, £301,452.77 in non-domestic rates, £8918.69 in Business Improvement District (BID) levy, £499,862.15 in sundry debt and £244,667.08 in housing rent and associated charges.The Lanarkshire Live app is available to download now.

Get all the news from your area – as well as features, entertainment, sport and the latest on Lanarkshire’s recovery from the coronavirus pandemic – straight to your fingertips, 24/7.The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.Head to the App Store and never miss a beat in Lanarkshire - iOS - Android The council has the power to write off accounts where the debtor is deceased, sequestrated, in liquidation or the debt is prescribed or deemed uneconomical to pursue.The proposed write-off of Council Tax accounts date from the financial years 1993/1994 to 2023/2024 and totals £2,196,799.14.

This relates primarily to prescribed debt, sequestrations and estates of the deceased.The accounts marked for write-off in the non-domestic rates system from years 2022/2023 to 2024/2025 equates to £301,452.77, and these debts are deemed to be irrecoverable as the debtor is in liquidation, has ceased trading or has been sequestrated.The write off for the BID levies totals £8918.69.

This is administered by the council on behalf of Hamilton, Carluke and Lanark BID companies and there is no financial impact on South Lanarkshire Council for these

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