The BID levy is payable on the whole rating assessment irrespective if part or all of it is empty.
If a Hereditament is unoccupied, the liability for the daily BID Levy will fall on the organisation or person entitled to possession on the relevant day.
The Council will send you a reminder. You will have 14 days from the date shown on the notice to pay the reminder. If the BID levy remains outstanding after 14 days, you will be provided a Reminder Notice that will give you a further 7 days to make the payment. If after a further 7 (seven) days from the payment date stated in the Reminder Notice the outstanding sum of the BID Levy has not been paid, the Council shall make an application to the Magistrates Court for a Liability Order.
No, you will have to pay the full BID levy. The small business rate relief scheme will only affect your main non-domestic rate bill providing you meet the criteria.
Hammersmith & Fulham Council will send you a BID levy account for you to pay on behalf of the BID company. The BID levy is paid direct to the Council on 1st April or for new ratepayers within 14 days of the account being sent to you.
There is no instalment facility but if you are experiencing difficulty in paying the account, you can telephone the Council to discuss payment. Hammersmith & Fulham Council is the collecting agent.
Yes, it could do.
If it changes to an office and becomes one of the exempt classes as described earlier, you will no longer have to pay the BID levy from the date it changed. Similarly, if it had been exempted and now falls within the terms of the BID levy, an account will be issued by the City Council.
It will be the relevant rateable value (as amended) of the Hereditament in the 2010 or subsequent Valuation List, subject to the Closed Financial Year Rule. In the event that there is no such rateable value, the rateable value of the Hereditament for the purposes of the BID shall be that provided by the Valuation Office Agency.
The BID Multiplier is a percentage factor that will be applied as under:
Year BID Levy %
Year 1: 2011-12 0.8%
Year 2: 2012-13 0.9%
Year 3: 2013-14 1.0%
Year 4: 2014-15 1.03%
Year 5: 2015-16 1.06%
So in year 1, it will be 0.8 per cent of your hereditaments rateable value. This means that if your rateable value is £40,000 you will have to pay £320 in year 1. It is calculated on a daily rate liability, so if you vacate the premises during the life of the BID term you will only have to pay for the period you occupied the premises.
Yes, there are a few types of properties that are excluded from the BID levy such as:
(1) All charities receiving mandatory rate relief will be exempt;
(2) All hereditaments with a rateable value of £39,999 or less will be exempt; and,
(3) All public services, defined as those services free at the point of delivery, will be exempt from paying the levy. This includes Police, Fire Brigade and Ambulance services, the Council and public funded NHS Hospitals.
Any person, registered company or charity/non-profit making organisation who is the occupier/leaseholder or where the property is empty and a lease does not exist, the owner, of the non-domestic rated property within the BID Area is liable for the BID Levy.
The ballot is between 1st February and 3rd March 2011. All ballot papers must be returned before 3rd March 2011 by 5pm (called the Ballot date), or the vote will not be counted.
If the ballot meets the two tests and there is a YES vote of those ratepayers eligible to vote, the Council can issue BID levy accounts and HammersmithLondon BID Company can proceed to implement the BID proposals in the Business Plan.
The ballot papers were issued on 1st February 2011, and your company should receive this by 3rd February 2011 at the latest.
The ballot has to meet two tests. Firstly, there must be a simple majority (above 50 per cent) of those eligible to vote. Secondly, those voting in favour must represent a majority of the aggregate rateable value of the hereditaments voting.
The full ballot procedure and ballot papers will be forwarded to those ratepayers/ nominated voters who are eligible to vote.
The person(s), registered company or organisation who is the ratepayer for non-domestic rates of a rating hereditament within the Business Improvement District is typically listed as the default voter. However, if the business is in joint names, a registered Company or a charity/non-profit organisation, the person nominated will be the only person entitled to vote. To nominate the person, we will be contacting you in the beginning of October with a Voter Nomination Form.
There will only be one vote per rating hereditament (rating assessment). If you have not received a rate account for non-domestic rates in your name, you will not be entitled to vote. Please contact us for further information and assistance.