BID Levy
BID levy bills will be with businesses alongside their Business Rates Bill due April every year, as outlined in the proposal document,.
BID levy is charged on all businesses at a % of rateable value (RV) whose premises have a RV over £10,000.
What do you get for your levy payment?
- Improved visitor experience
- A safe and welcoming environment
- New and repeat customers
- Positive brand and profile
- Pro-active local management team
- Effective business ‘voice’
- Added value
- Sustained additional investment
- Support from Birmingham’s other city centre BIDs
- Business led, local and inclusive decisions
Can you opt out?
No – all businesses are required to pay (charitable organisations receive a rebate) as the work of the BID will benefit all Southside businesses without exception.
Can I pay in installments?
No, the levy must be paid in full, however if you contact the BID Manager before 1st June 2011, you may be able to arrange for staged payments.
What happens if I refuse to pay?
As with Business Rates, Birmingham City Council will pursue recovery of the debt through the usual legal channels on the BID’s behalf.
For further more detailed information, you can access the explanatory note here: Southside Statutory Explanatory Leaflet 2011.