Can I opt out?
No. Because the ballot was successful the levy becomes a statutory requirement with the force of law, However, if the rateable value on your business premises is £20,000, you will pay £300p/a. The levy is discounted for charities at the same rates as business rates. The BID levy will be collected through the current Business Rates system but will be the subject of a separate bill. The levy will be amended on an annual basis in line with inflation, at a rate to be agreed by the inStreatham board.