Payment by Instalments Policy

This policy has been prepared in accordance with Regulation 69B of the Community Infrastructure Levy (Amendment) Regulations 2011.

The Council will allow payment of CIL by instalments according to the total amount1 of the liability as follows:

Amount of CIL
Liability
Number of Instalments Payment Periods and Amounts
Any amount less than
£100,000
No instalments
  • Total amount payable within 60 days of commencement of development.
Amounts from
£100,000 to £250,000
Two instalments
  • £100,000 payable within 60 days of commencement of development.
  • Balance payable e within 120 days of commencement of development.
Amounts from
£250,000 to £500,000
Three
instalments
  • £100,000 payable within 60 days of commencement of development.
  • Balance payable in a further two instalments of equal amount within 120 and 180 days of commencement of development.
Any amount greater
than £500,000
Four instalments
  • £250,000 payable within 60 days of commencement of development.
  • Balance payable in a further three instalments of equal amount within 120, 180 and 240 days of commencement of development.


Date of Effect: This policy comes into effect on 1 January 2012.


1. Note: The total amount of CIL is the amount shown on the Liability Notice and may include components for London Borough
of Redbridge and the Mayor of London.

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