Levy reductions and exemptions

Reductions or exemptions to the levy will be applied in the following cases:

Rateable value
The BID levy will not be payable by businesses with a rateable value of less than £7,500.

This removes anomalies such as parking spaces, advertising hoardings and telecommunications masts. It also removes the liability for very small businesses which may not benefit as much from the BID

Managed and service-charged centres
Tenants within managed shopping and entertainment centres will receive a 0.25% discount – so their levy will be 1% of their ratable value.

These businesses already pay service charges to their landlords for extra facilities, events and marketing. The discount reflects the fact that they should not have to pay twice for some services

Non-retail charities with no trading income

Registered charities who do not receive an income from trading will receive a 0.25% discount – so their levy will be 1% of their ratable value.