The levy will be collected within 60 days of commencement of development. We have an instalment policy, but this will only apply when the element of contributions relating to mitigating a Special Protection Area (SPA) has been paid.
Please note the charging schedule is index linked to the BCIS All-in Tender Price Index.
| Scale of chargeable amount | Timing of payment |
|---|---|
| Chargeable amount less than £25,000 | One payment at: Full amount at commencement |
| Chargeable amount of between £25,000 and £100,000 | Three equal instalments at: (a) One third at commencement (b) One third at 9 months after commencement (c) One third at first occupation of any part of the development. In any event, the full amount will be paid by first occupation. |
| Chargeable amount of over £100,000 | Three equal instalments at: (a) One third at commencement (b) One third at 12 months after commencement (c) One third at first occupation of any part of the development. In any event, the full amount will be paid by first occupation. |