Decision details

Appendices A, B and D are exempt from publication because they contain information of the kind described in paragraphs 14 and 21 of parts 4 and 5 of Schedule 12A to the Local Government Act 1972.

RESOLVED: that Council be recommended to -  

i.        Note the agreement reached in principle and ratify the decision to complete the formal settlement agreement with HMRC

ii.       Agree that conclusion of the final terms of an Agreement is delegated to the Chief Executive, in consultation with the Section 151 Officer, Monitoring Officer, Leader of the Council and the Cabinet Member for Finance, Modernisation and Performance.

iii.      Note the Capitalisation Direction agreed and now available to support the financial strategy to fund the liability subject to Council agreement.

iv.      Agree to amend the 2024/25 budget in accordance with budget policy framework to align with the agreed financial strategy in relation to this issue.

v.       Agree to the inclusion within the Council’s Capital Strategy and program this expenditure in for 2024/25.

vi.      Agree the necessary changes to the Revenue Budget for the Medium Term reflecting the impact on Capital financing for future years in accordance with the Capital Direction (to be reflected as appropriate in future Budget Monitoring reports for 2024/25).

vii.     Agree to incorporate all medium-term Capital and Revenue implications within the amended Medium Term Financial Plan and Capital Strategy as part of the next annual Budget update through Council in February / March 2025.

viii.    Note that the Council will pursue all options available to pursue the Landfill tax debt outstanding.