Notice of change to Community Infrastructure Levy Instalments Policy

The London Legacy Development Corporation (LLDC) utilises the Mayor of London's CIL installments policy for the purpose of collecting CIL payments under the terms of its own and the Mayor of London's CIL charging schedules.

The Mayor introduced a CIL instalments policy, which became effective from 1 April 2013.

For developments where the contribution to the CIL is £50 - £500,000, the amount should be paid in full no more than 60 days after development has begun.

For developments where the contribution is £500,000+, developers have the option to make two instalment payments:

  1. £500,000 or half of the amount owed - whichever of these two is the greater amount - to be paid 60 days after development has begun
  2. The remainder 240 days after development has begun.

From 1 January 2018, a new instalments policy will apply, lowering the threshold from which instalments can be applied from £500,000 to £100,000. this will apply to payment of both the LLDC and Mayor of London's CIL charges. The new instalments policy can be found below.

 Mayoral CIL instalments policy
   
amount of CIL liability number of instalment payments amount or proportion of CIL payable in any instalment/time at which payments are due
 
£100,000 or less no instalments  total amount payable within 60 days of commencement of development
 
£100,001 or more two
  •  the greater of £100,000 or half the value of the total amount payable within 60 days of commencement of development
  • the remainder within 240 days of commencement of development


More information around the Mayoral Community Infrastructure Levy can be found at https://www.london.gov.uk/what-we-do/planning/implementing-london-plan/mayoral-community-infrastructure-levy

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