Percentage Levy Sample Clauses

Percentage Levy. 4.1 A 1.6% BID Levy will be applied to rateable values listed in the 2010 Local Non- domestic Rating List as at 1 April 2016. No subsequent adjustments will be made to levy charges for outstanding proposals not reflected in the rating list as at 1 April 2016. 4.2 All businesses with premises having a rateable value of £3,500 or more will be liable to pay the BID Levy (with the exception of private car parks, ATM’s, telecommunication masts and advertising hoardings). 4.3 Minimum and maximum BID Levy payments of £100 and £10,000 respectively will apply. 4.4 The BID Levy will continue to be discounted for charitable organisations at the same level as their mandatory rate relief. Charities will pay an annual £100 BID Levy. 4.5 There will be no VAT charged on the BID Levy. 4.6 The BID Levy will be based on the 2010 Local Non-Domestic Rating List. 4.7 No BID Levy relief will be given regarding a void/unoccupied or derelict premises (hereditament) at the time of the ballot. 4.8 Where there is no existing occupational lease, the liability for payment of the BID Levy will fall to the property owner until a new lease is confirmed.

Percentage Levy a. A 2% BID 2 Levy will be applied to rateable values listed in the Non-domestic Rating List as at the 6 April 2017. The levy will be applied from the 1st April 2019 and be adjusted annually from 1st April 2020 with a 3% inflation rate. b. All businesses will be liable to pay the BID 2 Levy. Businesses with a rateable value of less than £10,000 will pay a £200 levy, all other businesses will pay 2% of their rateable value in levy each year during the BID 2 term with a maximum levy of £5000 per year. c. There will be no VAT charged on the BID 2 Levy. d. No BID 2 Levy relief will be given regarding void/unoccupied or derelict premises (hereditament). e. Where there is no existing occupational lease, the liability for payment of the BID 2 Levy will fall to the hereditament owner until a new lease is confirmed f. The levy will be discounted for charitable organisations at the same level as their mandatory rate relief, currently 80%, for Non–Domestic Rates Mandatory Charitable Relief, with a minimum payment of £200. g. The BID 2 levy will not be affected by the small business rate relief scheme, service charges paid to landlords, exemption relief or discount periods in the Non Domestic Rates Regulations 1989 made under the Local Government Finance ▇▇▇ ▇▇▇▇.

Percentage Levy. 4.1 The levy rate to be paid by each property or hereditament is to be calculated as 1.4% of its rateable value as at 31st May 2018. 4.2 There will be no reduction of levy for any hereditament. 4.3 Landlords will not receive a discount. 4.4 Each person entitled to vote will have one vote in respect of each rateable property within the boundary. A proxy vote is available and details will be sent out with the ballot papers. 4.5 The number of properties or hereditaments liable for the levy is estimated at 377. 4.6 The levy must be paid by one payment in each year on the chargeable date.

Percentage Levy. 4.1 A 1% BID Levy will be applied to rateable values listed in the 2017 Local Non- domestic Rating List as at 1 April 2017. 4.2 There will be no relief for vacant, untenanted premises. Where at the time of ballot, there is no current occupational lease, the liability will fall to the property owner until a new lease is confirmed. The owner will be entitled to vote in the ballot. 4.3 The BID ▇▇▇▇ will be discounted for charitable organisations at the same level as their mandatory rate relief. 4.4 There will be no VAT charged on the BID ▇▇▇▇.

Percentage Levy. 4.1 A 2.5% BID Levy will be applied to rateable values listed in the 2010 Local Non- domestic Rating List as at 1 April 201X. No subsequent adjustments will be made to levy charges for outstanding proposals not reflected in the rating list as at 1 April 201X. 4.2 There will be a minimum annual payment of £240 for all hereditaments with an rateable value of under £10,000. The maximum BID Levy payable is capped at £6,000.00. 4.3 No relief will be granted for void or partially empty properties, the liability falling to the owner or leaseholder (if an occupational lease exists). 4.4 There will be no VAT charged on the BID Levy.