CIL instalment policy
The Community Infrastructure Levy (CIL) regulations allow the charging authority to implement a locally derived instalments policy in place of the default position which requires full payment within 60 days of commencement. Under regulation 9 of the CIL regulations, where a site has an outline planning permission with longer term phasing plans, each separate phase of development is treated as a separate 'chargeable development' and for clarification, the instalments policy will to each phase.
Total amount of CIL liability | Number of instalments | Payment periods and proportion of CIL due | |||
|---|---|---|---|---|---|
Amounts up to £250,000 | 1 | 100% payable within 60 days of commencement of development. | |||
Amounts over £250,000 and up to £500,000 | 2 | 50% payable within 60 days of commencement of development | 50% payable within 12 months of commencement of development | ||
Amounts over £500,000 and up to £1,000,000 | 3 | 30% payable within 60 days of commencement of development | 30% payable within 12 months of commencement of development | 40% payable within 24 months of commencement of development | |
Amounts over £1,000,000 | 4 | 20% payable within 60 days of commencement of development | 20% payable within 12 months of commencement of development | 30% payable within 24 months of commencement of development | 30% payable within 36 months of commencement of development |