The BID Rateable Value. For the purposes of calculating the BID Levy the BID Rateable Value will be the rateable value shown in the 2010 rating list as at 1st March 2016. All new hereditaments entering the Rating List after 1st April 2016 will be levied at 1% of the prevailing list. The BID Levy Rate The BID Levy Rate is set at 1% of the BID Rateable Value from 1st April 2016. The board will assess if any increase is appropriate each year, giving careful consideration to the economic environment. Changes to Rateable Value Properties removed from the 2010 rating list will be subject to the BID Levy up to the date of its removal from the 2010 rating list and calculated on a daily basis. New properties will similarly be liable from the date of entry onto the 2010 rating list and be calculated on a daily basis. Where an existing property is split or merged the BID Levy Calculation will be made on the revised entry or entries shown in the 2010 rating list and calculated on a daily basis. BID Levy Exemptions The BID Rateable Value below which an hereditament is exempt from the BID Levy is£12,500. NO classes of hereditament with a rateable value of over £12,500 are exempt from payment of the BID Levy:- BID Levy Relief All BID Levy Payers are subject to the full BID Levy Calculation and are liable for the full BID Levy payable on each hereditament other than those exempt. BID Levy Payers in receipt of mandatory and/or discretionary relief from their Non-Domestic Rating liability are not to receive any relief from their BID Levy liability. Liability for the BID Levy Liability for the BID Levy will fall upon the Non-Domestic Ratepayer for the property. If the property is empty liability for the BID Levy will fall upon the person or organisation entitled to possession in accordance with Non-Domestic Rating regulations. There shall be no exemption period from the BID Levy for an empty hereditament.
The BID Rateable Value. For the purposes of calculating the BID Xxxx, the BID Rateable Value will be the rateable value shown in the 2010 rating list, used as the basis to calculate the BID levy from the period 1st April 2016 to 31st March 2021. The Council shall not give or agree to give any refunds to any Levy payer either fully, or in part, for any billing period whether current or past, in respect of Levy amounts paid should there be a retrospective change in Valuation Office valuation of any hereditament or if the Council are informed by a Xxxx payer of any possible change. Any retrospective change will be recorded and applied for the next relevant billing cycle 1st April to 31st March. All new hereditaments entering the Rating List after 1st April 2016 will be levied at 1% of the most recent revaluation list from the Valuations Office. This may supersede the Rating List 2010. The BID Levy Rate The BID Levy Rate is set at 1% of the BID Rateable Value from 1st April 2016 and will remain at this level until 31st March 2021.
The BID Rateable Value. For the purposes of calculating the BID Xxxx, the BID Rateable Value will be the rateable value shown in the 2017 rating list, used as the basis to calculate the BID levy from the period 1st April 2021 to 31st March 2026. The Council shall not give or agree to give any refunds to any Levy payer either fully, or in part, for any billing period whether current or past, in respect of Levy amounts paid should there be a retrospective change in Valuation Office valuation of any hereditament or if the Council are informed by a Xxxx payer of any possible change. Any retrospective change will be recorded and applied for the next relevant billing cycle 1st April to 31st March. All new hereditaments entering the Rating List after 1st April 2021 will be levied at one per cent (1% or 0.01) of the most recent revaluation list from the Valuations Office. This may supersede the Rating List 2017. The BID Levy Rate The BID Levy Rate is set at one per cent (1% or 0.01) of the BID Rateable Value from 1st April 2021 and will remain at this level until 31st March 2026. The rate remains unchanged from the previous term. If a change in the levy amount is required during the life of the current BID period, this will be put to a ballot of all businesses in the BID area, in accordance with the Business Improvement Districts (England) Regulations 2004. In the event of a second BID term being sought, any revision to the Levy Percentage Rate will be reviewed by the Board and the new percentage rate set out clearly prior to a ballot of BID area businesses taking place.
The BID Rateable Value. For the purposes of calculating the BID levy, the rateable value will be that shown in the 2017 Valuation List as at 1st April 2021 (see Appendix 6). All new hereditaments entering the list after 1st April 2021 will be charged at the prevailing list at that time.
The BID Rateable Value. For the purposes of calculating the BID Levy, the BID Rateable Value will be the rateable value shown in the 2010 rating list, used as the basis to calculate the BID levy for the period 1st April 2016 to 31st March 2021. The BID Levy Rate The BID Levy Rate is set at 1% of the BID Rateable Value from 1st April 2016 and will remain at this level until 31st March 2021.
