What's a community infrastructure levy? - CIL Installment Policy

Community Infrastructure Levy Installment Policy

 

Regulation 70 (7) of the Community Infrastructure Levy (Amendment) Regulations 2011 sets a default of full payment of the Levy within 60 days of the commencement of development.
The Amendment Regulations also enable a Charging Authority to set an Instalment Policy that allows payments to be spread over longer periods. Bassetlaw District Council considers that it is considered reasonable that payment installments are scheduled in proportion to the scale of development that is proposed.

In accordance with Regulation 69b of The CIL Amendment Regulations, the Council will apply the following Installment Policy to all development on which CIL is liable.

The Installment Policy will come into effect on 1 September 2013, from which time the
Community Infrastructure Levy will be payable by installments as follows:

Where the chargable amount is up to £250,000

  • First installment representing 25% of the chargeable amount will be required within 90 days of the commencement date; and
  • The second installment representing 75% of the chargeable amount will be required within 270 days of the commencement date.

Where the chargable amount is over £250,000 

  • First installment representing 25% of the chargeable amount will be required within 90 days of the commencement date;
  • Second installment representing 25% of the chargeable amount will be required within 180 days of the commencement date;
  • Third installment representing 25% of the chargeable amount will be required within
  • 360 days of the commencement date; and
  • The fourth and final installment representing 25% of the chargeable amount will be required within 540 days of the commencement date.

 

 


Last Updated on Friday, November 01, 2019

Community Infrastructure Levy Installment Policy

 

Regulation 70 (7) of the Community Infrastructure Levy (Amendment) Regulations 2011 sets a default of full payment of the Levy within 60 days of the commencement of development.
The Amendment Regulations also enable a Charging Authority to set an Instalment Policy that allows payments to be spread over longer periods. Bassetlaw District Council considers that it is considered reasonable that payment installments are scheduled in proportion to the scale of development that is proposed.

In accordance with Regulation 69b of The CIL Amendment Regulations, the Council will apply the following Installment Policy to all development on which CIL is liable.

The Installment Policy will come into effect on 1 September 2013, from which time the
Community Infrastructure Levy will be payable by installments as follows:

Where the chargable amount is up to £250,000

  • First installment representing 25% of the chargeable amount will be required within 90 days of the commencement date; and
  • The second installment representing 75% of the chargeable amount will be required within 270 days of the commencement date.

Where the chargable amount is over £250,000 

  • First installment representing 25% of the chargeable amount will be required within 90 days of the commencement date;
  • Second installment representing 25% of the chargeable amount will be required within 180 days of the commencement date;
  • Third installment representing 25% of the chargeable amount will be required within
  • 360 days of the commencement date; and
  • The fourth and final installment representing 25% of the chargeable amount will be required within 540 days of the commencement date.

Last Updated on Friday, November 01, 2019