BID LEVY 1st April 2012 to 31st March 2013

The 5 year term ends 31st March 2014 when, with your help we hope to continue with a further 5 years.

The BID levy is based on rateable value and is paid over and above the rates by all companies in the BID area.It is due on the 1st of April each year,payable in advance with an option of quarterly payments and is collected by the London Borough of Sutton     www.sutton.gov.uk on behalf of KIPPA BID LTD
BID Levy Rules state that there will be a 2% increase each year on the levy.

BANDS OF RATEABLE VALUE                                               

Rateable Value                                 BID Levy per Annum
Up to            £20,000                            £338
£20,000   to   £35,000                            £530
£35,000   to   £70,000                            £848
£70,000   to   £100,000                          £1,273
£100,000 to   £170,000                          £2,121
Over             £170,000                          £3,183 

No VAT is charged on the Levy