To consider a report of the Deputy Chief Executive (S151) informing Members that the Council’s tax risk exposure has changed and having tax policies and procedures in place helps to mitigate this risk.
The Cabinet had before it a *report of the Deputy Chief Executive (S151) informing Members that the Council’s tax risk exposure has changed and having tax policies and procedures in place helped to mitigate this risk.
The officer outlined the contents of the report stating that this was a new policy to comply with the Criminal Finances Act 2017 which introduced a corporate offence, which applied to relevant bodies including local authorities. This offence could occur where an associated person of a local authority, which could include suppliers had committed tax evasion offences and the local authority was held guilty of failure to prevent. There was a need for due diligence to protect the authority against any offence, with reasonable measures in place to mitigate the risk.
(Proposed by Cllr B A Moore and seconded by Cllr R B Evans)
Reason for decision – there is a need to have such a strategy in place.
Note: *Report previously circulated, copy attached to minutes.