ERBID3 Consultation Document - Flipbook - Page 14
BID LEVY RULES
& BALLOT
LEVY RULES
• The BID Regulations of 2004, approved by the
Government, sets out the legal framework within which
BIDs have to operate, including the way in which the Levy
is charged and collected, and how the ballot is conducted
• The new term of the ERBID will commence on 01 January
2027 for a period of 5 Years.
• The Levy rate is fixed and will not be subject to variation
by the annual rate of inflation
• VAT will not be charged on the BID Levy
• The BID Levy will be applied to all eligible business
ratepayers within the defined area
• The following exemptions to the BID Levy apply
• Those with a rateable value of less than £3,000
• Public Houses with a rateable value of less than
£12,000
• Businesses whose primary function does not fall into
the categories identified on page 12.
• Non-retail charities with no paid staff, trading income,
arm or facilities and entirely voluntary or subscription
based organisations
• The Levy will be a fixed rate of 1.95% based on the
rateable value per hereditament as at 1st April each
year using the most current Non-Domestic Ratings list.
It will be updated for any changes in ratepayer appeals,
additions, or removals
• The minimum ERBID3 levy payable will be £150 per
annum
• The maximum levy payable per hereditament will be
£10,000 per annum
• The BID Levy will be paid by any new ratepayer occupying
any existing hereditaments (a business rated property)
within the BID area
• New hereditaments will be charged from the point of
occupation based on the rateable value at the time it
enters the ratings list, even though they did not vote on
the initial proposal
• If a business ratepayer changes, it is the ratepayer on
1st January who remains liable for the year
• Empty properties, those undergoing refurbishment or
being demolished will be liable for the BID Levy via the
registered business ratepayer with no void period
• The BID Levy will not be affected by the small business
rate relief scheme, service charges paid to landlords,
exemptions, relief or discounts prescribed in the NonDomestic Rating (Collection and Enforcement) (Local
Lists) Regulations 1989 made under the Local Government
Finance Act 1988
• Under the BID regulations 2004, the Billing Authority is
the only organisation that can collect the Levy on behalf
of the BID Company
• The Billing Authority will issue the annual BID invoices
each December for the following year
• The Levy income will be kept in a separate ring-fenced
account and transferred to the BID on a monthly basis
• Collection and enforcement arrangements will be
similar to those for the collection and enforcement of
non-domestic business rates with the BID Company
responsible for any debt write off. The BID area and the
Levy rate cannot be altered without a further ballot
• Where the rateable value changes, including ratings
list revaluation, and results in a change to the BID Levy
amount, this will only come into effect from the next
chargeable year, and no refunds of the BID levy will be
made for previous years
• The BID projects, costs and timescales can be altered
subject to board approval providing the changes fall
within the income and overall objectives of the BID
• The Levy rate or boundary area cannot be increased
without a full alteration ballot. However, if the BID
company wishes to decrease the Levy rate during the
period, it will do so through a consultation, which will,
as a minimum, require it to write to all existing BID Levy
Payers. If more than 25% object in writing, then this
course of action will not proceed
• The English Riviera BID Company will meet at least six
times a year. Every Levy paying business will be eligible
to be a member of the BID Company and vote at Annual
General Meetings
• The Board will produce a set of annual accounts available
to all members
Martin Jenkins - Daish’s Holidays, Torquay
The work carried out by the ERBID is essential for targeted marketing and promotion of the area. A clear strategy working
with not against local business in a common objective of increasing market share and highlighting Tor Bay as a destination
of choice.
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ERBID3 PLAN 2027 – 2031
