The BID Revenue Account. 5.1. Pursuant to Clause 47 of the Local Government Xxx 0000, the Council shall establish a BID Revenue Account by the start of the BID Term.
The BID Revenue Account. 7.1 The Council must in accordance with section 37(1) of the Planning etc. (Scotland) Act 2006 keep an account to be called the BID Revenue Account and keep the BID Revenue Account in accordance with Schedule 3 of the Regulations. For the purposes of this agreement the BID Revenue account will be a separate cost centre within the Councils’ financial ledger system.
The BID Revenue Account. 4.1 The Council shall set up the BID Revenue Account and confirm in writing to the BID Company that the BID Revenue Account has been set up.
The BID Revenue Account. As soon as is reasonably practicable following the Ballot Result Date the Council shall keep a BID Revenue Account in accordance with regulations and accounting codes of practice in force at the time and provide written confirmation to the BID Company of the same. As soon as reasonably practicable following the Ballot Result Date, the BID Company shall provide the Council with details of its bank account into which the BID Levy shall be transferred from the BID Revenue Account and any other details which the Council may reasonably require. The Council will pay to the BID Company on account for services provided in administering the BID arrangements on behalf of the Council a sum equal to the monies collected in the quarter and properly credited to the BID Revenue Account net of cost of collection and refunds, such payment to be made within 10 working days of the quarter end. On an annual basis, the Council will pay to the BID Company or receive from it the balance of monies, having taken account of the quarterly on account payments and balance on the BID Revenue Account at the year end. The final payment will be made within 30 days following the year end. All sums will be subject to Value Added Tax (VAT) where applicable under VAT legislation and regulations in force at the time. The BID Company and the Council as appropriate will issue VAT receipts, where applicable under VAT legislation and regulations in force at the time, for monies received within seven working days of receipt of such monies.
The BID Revenue Account. 4.1 The Council shall set up the BID Revenue Account and the BID Company shall provide the Council with details of its own bank account into which the BID Levy shall be transferred electronically from the BID Revenue Account on production of an invoice by the BID Company in accordance with clause 7.8.
The BID Revenue Account. 5.1 The Council shall set up the BID Revenue Account and provide written confirmation to the BID Company once this has been carried out together with details of the account number sort code and any other details which the BID Company may reasonably request.
The BID Revenue Account. 6.1 During the BID Term, in accordance with the Regulations, the Council shall make the following payments to the Company:
The BID Revenue Account. 5.1. As soon as is reasonably practicable following the Commencement Date the Council shall establish and maintain a BID Revenue Account in accordance with the Regulations and the current accounting codes of practice in force from time to time and provide written confirmation to the BID Company of the same.
The BID Revenue Account. 5.1. As soon as is reasonably practicable following the Ballot Result Date the Council shall keep a BID Revenue Account within the Council’s general fund and provide written confirmation to the BID Company of the same.
The BID Revenue Account. 7.1 WHBC shall have in place for the 1st March in the first year and 1st March of each BID financial year, thereafter, a BID Revenue Account.
