The Official webpage for the Isle of Wight Destination Business Improvement District, operating from the 1st of September 2016 for five years. Click on topics below or scroll down the page for more information.
What’s the WIGHT BID all about? click here
View a list of your Wight BID entitlements and benefits – click here
Claim your free web site page on visitisleofwight.co.uk (worth £350) – click here
Wight BID frequently asked questions (click here)
Board, Governance and Task groups (click here)
Wight Bid Plan, Consultation and Research (click here)
Wight Bid Appeals process explained (click here)
What if I’ve received a court summons for not paying my levy? (click here)
Not a levy payer? Become a voluntary contributor and receive marketing and promotional benefits – click here
Between November 5th 2015 and April 13th 2016 Visit Isle of Wight carried out an Island wide consultation programme and invited over 1,200 businesses to meet us and tell us about their priorities through online surveys; emailed feedback; facilitated workshops and face-to-face meetings.
You told us your priorities were:
- The creation of marketing campaigns that would attract more visitors to the Island, with special emphasis on new visitors including those coming for educational trips and to visit friends and relatives.
- Improving access to the Island and ferry services that better meet the needs of the visitor economy.
- Helping people to get around and explore the Island more.
- Providing award-winning beaches and maintaining an outstanding natural environment for visitors to enjoy.
- A stronger and more influential voice for the Island’s tourism business community at a local, regional and national level.
With a YES vote being confirmed in July, Visit Isle of Wight has now started work on delivering a planned programme of actions based on the three key themes chosen during the consultation.
ATTRACTING VISITORS FOR LIFE
Attracting new visitors & retaining their loyalty in years to come.
DELIVERING THE EXPERIENCE
Making sure that our Island products & experiences exceed visitor expectations, including accessibility and travel to & around the Island.
Collaborating with local, regional and national partners to ensure that levy payers’ priorities are supported.
BID LEVY FACTS
For the purposes of calculating the BID Levy, the rateable value will be that shown in the 2010 Valuation List as at 1st September 2016. The levy rate to be paid by each property or hereditament is to be calculated as 1.75 per cent of its rateable value (using the published 2010 or subsequent 2017 NNDR Valuation Office Agency list) as at the ‘chargeable day’ (notionally 1st September each year).
The BID levy is payable in one instalment. This instalment date will be specified on the Demand Notice. The notice will be served as soon as practicable after the Council becomes aware of a BID levy liability. The Council may serve a Demand Notice before the commencement date of the BID in accordance with paragraph 5(2) of Schedule 4 of the Business Improvement Districts (England) Regulations 2004.
All properties or hereditaments identified in the WIGHTBID Business Plan with a rateable value of £3000 or more will be eligible for payment of the levy.
The levy will be charged annually in advance for each chargeable period, the ‘BID year’ 1 September to 31 August. In 2016, demand notices will be sent out from October once the new BID systems have been established and tested. However, in subsequent years, invoices will be sent out in September.
The minimum amount payable for any one hereditament is £150.
The owners of untenanted properties or hereditaments, including listed building, will be liable for payment of the levy.
Charitable organisations that are subject to relief on their business rates liability will pay 100 per cent of the BID Levy.
Refunds will be payable by the Council on the BID Levy only in the event of the over payment of the Levy by a BID Levy payer.
The levy is an annual sum and will not be apportioned during the year when a ratepayer vacates or occupies a property.
If a new property comes into the Rating List mid-year no charge will apply until the following year’s levy becomes due.
If a property undergoes a split or merger in the Rating List mid-year the levy will not be amended to reflect the change until the following year.
If a property’s rateable value is increased or decreased midyear, the levy will not be amended to reflect the change until the following year.
There will be no allowances applicable to the BID levy regardless of those allowances awarded against a ratepayer’s non-domestic rates e.g. reliefs such as Discretionary, Hardship, Section 44a (partly occupied), Small business rate, Charitable, CASC, Rural or Transition.
There is no VAT payable on the BID levy.
If you are not a statutory Isle of Wight levy member have you considered becoming a voluntary contributor to qualify for your own free web page on the Island’s number one destination website and feature in our campaigns this year?
If you are a WIGHT BID levy member you are entitled to put yourself forward for election to one of the Governance, Task & Advisory Groups.
From 1st September 2016, for five years, Levy members are entitled to a free standard web page on the Island’s top ranking destination website used by more than 2 million visitors a year and worth £350. Click here to get yourself online today
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