Common use of The BID Rateable Value Clause in Contracts

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 Levy the BID Rateable Value will be the rateable value shown in the 2010 rating list as at 1st March 2016April 2015. All new hereditaments entering the Rating List after 1st April 2016 2015 will be levied at 11.25% of the prevailing list. The BID Levy Rate The BID Levy Rate is set at 11.25% of the BID Rateable Value from 1st April 20162015. The BID levy may increase by an inflationary factor of up to 2% in successive years (i.e. up from 1.25% to 1.27% in year 2). The board will assess if any increase is appropriate each year, giving careful consideration to the economic environment. Changes to Rateable Value Adjustments will be made to the BID Xxxx during the current billing period for changes in rateable value. Rateable value changes will only be effective for the purposes of the BID Rateable Value from the date of alteration of the 2010 rating list unless the change in rateable Value affects more than one billing period when the BID Rateable Value shall change from the 1st April preceding the date of alteration of the 2010 rating list. Changes to the BID Rateable Value will only affect the BID Levy Calculation of the current billing period. 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£12,500Xxxx is £60,000. NO classes of hereditament with a rateable value of over £12,500 60,000 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 Xxxx Liability for the BID Levy Xxxx will fall upon the Non-Domestic Ratepayer for the property. If the property is empty liability for the BID Levy Xxxx will fall upon the person or organisation entitled to possession in accordance with Non-Domestic Rating regulations. 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 Levy the BID Rateable Value will be the rateable value shown in the 2010 2023 rating list as at 1st March 201630th August 2024. All new hereditaments entering the Rating List after 1st April 2016 30th August 2024 will be levied at 11.9% of the prevailing list. The BID Levy Rate The BID Levy Rate is set at 11.9% of the BID Rateable Value from 1st April 20162025. The board will assess if any BID levy may increase is appropriate each year, giving careful consideration by an inflationary factor of up to the economic environment2% in successive years. 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 2023 or subsequent 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 2023 rating list and calculated on a daily basis. BID Levy Exemptions The BID Rateable Value below which an a hereditament is exempt from the BID Levy is£12,500is £60,000. NO classes of hereditament with a rateable value of over £12,500 60,000 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 Xxxx Liability for the BID Levy Xxxx will fall upon the Non-Domestic Ratepayer for the property. If the property is empty liability for the BID Levy Xxxx will fall upon the person or organisation entitled to possession in accordance with Non-Domestic Rating regulations. 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 Levy the BID Rateable Value will be the rateable value shown in the 2010 2017 rating list as at 1st March 2016April 2017. All new hereditaments entering the Rating List after 1st April 2016 2017 will be levied at 11.25% of the prevailing list. The BID Levy Rate The BID Levy Rate is set at 11.25% of the BID Rateable Value from 1st April 20162017. The BID levy may increase by an inflationary factor of up to 2% in successive years (i.e. up from 1.25% to 1.27% in year 2). The LeedsBID board will assess if any increase is appropriate each year, giving careful consideration to the economic environment. Changes to Rateable Value Adjustments will be made to the BID Levy during the current billing period for changes in rateable value. Rateable value changes will only be effective for the purposes of the BID Rateable Value from the date of alteration of the 2017 rating list unless the change in rateable Value affects more than one billing period when the BID Rateable Value shall change from the 1st April preceding the date of alteration of the 2017 rating list. Changes to the BID Rateable Value will only affect the BID Levy Calculation of the current billing period. Properties removed from the 2010 2017 rating list will be subject to the BID Levy up to the date of its removal from the 2010 2017 rating list and calculated on a daily basis. New properties will similarly be liable from the date of entry onto the 2010 2017 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 2017 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£12,500is £60,000. NO classes of hereditament with a rateable value of over £12,500 60,000 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 hereditamentLevy.

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 Xxxx 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-Non- Domestic Rating liability are not to receive any relief from their BID Levy liability. Liability for the BID Levy Xxxx Liability for the BID Levy Xxxx will fall upon the Non-Domestic Ratepayer for the property. If the property is empty liability for the BID Levy Xxxx will fall upon the person or organisation entitled to possession in accordance with Non-Domestic Rating regulations. regulations There shall be no exemption period from the BID Levy for an empty hereditament.. Change of Non-Domestic Ratepayer Adjustments to the BID Levy will be made where there is a change of Non-Domestic Ratepayer. The new BID Levy Payer will have their liability for the BID Xxxx calculated on a daily basis in the first applicable billing period and a new Demand Notice will be issued to the new BID Levy Payer. Value Added Tax (VAT) There will be no VAT charged to the BID Levy Payer and the cost of collection and enforcement of the BID Xxxx is outside the scope of the VAT. Schedule 2 – Breakdown of Council’s Annual BID Levy collection and administration charge

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 Xxxx 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-Non- Domestic Rating liability are not to receive any relief from their BID Levy liability. Liability for the BID Levy Xxxx Liability for the BID Levy Xxxx will fall upon the Non-Domestic Ratepayer for the property. If the property is empty liability for the BID Levy Xxxx will fall upon the person or organisation entitled to possession in accordance with Non-Domestic Rating regulations. regulations There shall be no exemption period from the BID Levy for an empty hereditament.. Change of Non-Domestic Ratepayer Adjustments to the BID Levy will be made where there is a change of Non-Domestic Ratepayer. The new BID Levy Payer will have their liability for the BID Xxxx calculated on a daily basis in the first applicable billing period and a new Demand Notice will be issued to the new BID Levy Payer. Value Added Tax (VAT) There will be no VAT charged to the BID Levy Payer and the cost of collection and enforcement of the BID Xxxx is outside the scope of the VAT. Schedule 2 – Breakdown of Council’s Annual BID Levy collection and administration charge Annual fee capped at £25,000

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 2016April 2015. All new hereditaments entering the Rating List after 1st April 2016 2015 will be levied at 11.25% of the prevailing list. The BID Levy Rate The BID Levy Rate is set at 11.25% of the BID Rateable Value from 1st April 20162015. The BID levy may increase by an inflationary factor of up to 2% in successive years (i.e. up from 1.25% to 1.27% in year 2). The board will assess if any increase is appropriate each year, giving careful consideration to the economic environment. Changes to Rateable Value Adjustments will be made to the BID Xxxx during the current billing period for changes in rateable value. Rateable value changes will only be effective for the purposes of the BID Rateable Value from the date of alteration of the 2010 rating list unless the change in rateable Value affects more than one billing period when the BID Rateable Value shall change from the 1st April preceding the date of alteration of the 2010 rating list. Changes to the BID Rateable Value will only affect the BID Levy Calculation of the current billing period. 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£12,500Xxxx is £60,000. NO classes of hereditament with a rateable value of over £12,500 60,000 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 Xxxx Liability for the BID Levy Xxxx will fall upon the Non-Domestic Ratepayer for the property. If the property is empty liability for the BID Levy Xxxx will fall upon the person or organisation entitled to possession in accordance with Non-Domestic Rating regulations. regulations There shall be no exemption period from the BID Levy for an empty hereditament.. Change of Non-Domestic Ratepayer Adjustments to the BID Levy will be made where there is a change of Non-Domestic Ratepayer. The new BID Levy Payer will have their liability for the BID Xxxx calculated on a daily basis in the first applicable billing period and a new Demand Notice will be issued to the new BID Levy Payer. Value Added Tax (VAT) There will be no VAT charged to the BID Levy Payer and the cost of collection and enforcement of the BID Xxxx is outside the scope of the VAT. Schedule 2 – Breakdown of Council’s Annual BID Levy collection and administration charge Share of Software costs (per annum) £6,000 Administration (including set up costs, printing, postage, exchequer and accountancy ) £18,000