Report of the Chamberlain.
The Committee considered a report of the Chamberlain which sought amendments to the Scheme of Delegations in relation to write-off limits and discretionary business rate relief.
It was noted that the Finance Committee had expressed support for these proposals with the proviso that they be subject to review by 31 March 2021. The Policy and Resources Committee was asked to consider the proposals subject to this caveat.
RESOLVED: That approval be granted to the following changes to the Scheme of Delegations to Officers (subject to the concurrence of the Court of Common Council):
1. To increase the limits to write off all debts due to the City of London Corporation which are irrecoverable up to £100,000 (Head of Revenues) and up to £500,000 (Chamberlain) with any amount in excess of £500,000 to be submitted to Finance Committee for approval. Finance Committee to receive a report for information on any write-offs over £25,000.
2. To authorise the granting of discretionary rate relief under section 47 and section 49 of the Local Government Finance Act 1988 up to £25,000 per annum.
3. To delegate authority to the Head of Revenues to determine and award all business grant payments under the government support schemes.