FAQ

If your question is not answered here, why not fill in the form below.

FAQ

If your question is not answered here, why not fill in the form below.

How is a BID funded?
All eligible businesses in the BID area pay a set levy. This money is used to pay for the services and improvements that the BID provides. A BID is also a mechanism for attracting funding from other sources, such as public sector bodies, depending on the projects involved.

 

How is the BID levy calculated?
For the third five-year term the levy will continue to be calculated at 1% of the rateable value (RV) of the property at the time of ballot (24th May 2018). Any temporary rates relief granted will not be considered in the calculation of the levy.

The levy will be subject to an annual increase of 1% from years two to five to accommodate an increase in project cost. E.g. RV of £25, 000 will have a levy of £250.00 in year 1, year 2 £252.50, year 3 £255.03, year 4 £257.58 and year 5 £260.16.

Material changes in circumstance will not have any impact on the levy.

There is no VAT paid on the BID levy.

 

Who pays the BID levy?
All eligible non-domestic properties with a rateable valuation of £25,000 or more within the BID are liable for the full 1% levy for the duration of the five-year term including properties of the local authority, other statutory agencies or non-statutory bodies and charities.

Properties with a rateable value under £25,000, alongside Places of Worship, are exempt from the levy.

Properties located within a managed shopping centre are eligible for 0.5% levy for the duration of the BID term.

 

Why don’t existing business rates pay for services a BID could deliver?
Business rates are spent on existing services across the city they are not ring-fenced to the area in which they are raised. In fact the Council only has just over half of the business rates raised in Edinburgh to spend as the rest are redistributed around the country.

A BID is a way of securing sustainable investment for additional services and projects over a 5-year period, without the red tape and bureaucracy that is often associated with public sector investment. Funds raised are controlled and spent in line with business priorities, by an organisation whose board members are drawn from the business community, and the money raised is spent in the BID area alone.

 

Why is the BID levy invoice from The City of Edinburgh Council?
The City of Edinburgh Council collects the levy on our behalf ensuring complete transparency, security of money collected and auditable collection procedures. The BID Revenue Account and levy can only be accessed by Essential Edinburgh.

 

How much time do I have to pay the BID levy invoice?
Payment must be made within 14 days from the date the levy invoice is issued and in one instalment.

Any non-payment of the levy will be strongly pursued and statutory powers will be enforced to ensure fairness to those levy payers that have paid.

 

Is there any levy relief for empty buildings?
There will be no levy relief for empty buildings. If the property is empty on the date of issue of the levy or at any time during the BID term, the property owner will be liable for the full levy amount until the property has a new occupier who will then be liable for the levy.

 

Will I get a levy rebate if I move out of the BID?
If the occupier vacates a property, rebates for the outstanding unoccupied period will be given.

 

I have successfully appealed the 2017 Non-Domestic Rates Revaluation, will my levy amount reflect this?
If there is a successful appeal of the 2017 Non-Domestic Rates Revaluation, resulting in a reduced rateable value, the levy will be reduced to reflect this. The changes will not take effect until the following year and will not be backdated. If there is an upward valuation at appeal there will be no change to reflect this.

 

If the Scottish Assessors revalue properties during the BID term, will my bills go up?
Should the Assessors revalue properties during the BID term, the levy will remain at the rate calculated on 24th May 2018 (the day of ballot) until the BID term ends in 2023.

Any additional rateable property formed/created, subdivided or merged during the lifetime of the BID will be liable to pay the levy e.g. new building developments, alterations to use, (church property becoming commercial) etc.

 

Is self-catering holiday accommodation exempt from the levy?
No, self-catering holiday accommodation which is not the sole or main residence of any person and which is available (or intended to be available) for letting on a commercial basis, with profit in mind, for short periods in the financial year and remain liable for non-domestic rates for the whole year will be subject to the levy.

 

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