The levy is collected on our behalf by Croydon Council in accordance within the BID (England) Regulations 2004.
Working out your BID levy
To calculate the amount of levy payable, simply multiply by 0.01, the rateable value of the business unit based on its rateable value as at 1st April each year. For example:
|Typical rateable value||Annual BID levy|
Where non-payment of the levy occurs, enforcement will be subject to recovery actions as defined within rating regulations - Local Government Finance Act 1988 and the Non-Domestic Rating (Collection and Enforcement) (Local Lists) Regulations 1989.