The Council is able to accept payment of the Community Infrastructure Levy (CIL) in instalments under Regulation 69B of the CIL Regulations 2010 (as amended). In order to assist developers in financing development in the Borough, the Council proposes to allow payment of CIL by instalments, depending on the total amount of the liability, as set out in table below:
| Amount due | Instalments | Schedule |
|---|---|---|
| Any amount less than £50,000 | 1 | Full amount payable within 60 days of commencement. |
| Amounts equal to or more than £50,000 but less than £150,000 | 2 | 25% payable within 60 days of commencement 75% payable within 120 days of commencement |
| Amounts equal to or more than £150,000 but less than £500,000 | 3 | 25% payable within 60 days of commencement 25% payable within 120 days of commencement 50% payable within 180 days of commencement |
| Amounts equal to or more than £500,000 but less than £1,000,000 | 4 | 25% payable within 60 days of commencement 25% payable within 180 days of commencement 25% payable within 240 days of commencement 25% payable within 360 days of commencement |
| Amounts equal to or more than £1,000,000 | 4 | 25% payable within 90 days of commencement 25% payable within 240 days of commencement 25% payable within 450 days of commencement 25% payable within 720 days of commencement |
Updated March 2020.