Levy reductions and exemptions

We propose applying reductions or exemptions to the levy in the following cases:

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

Reason
● 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

Proposal
●Tenants within managed shopping and entertainment centres to receive a 0.25% discount – so they would pay a 1% levy

Reason
● 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

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

Reason
●In year 1 of the BID, any business paying the Late Night Levy would have their BID levy reduced by that amount. In subsequent years they will only pay the BID levy. This means that no business would pay both the Late Night Levy and the BID levy