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:
- £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
- 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.
|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||
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