Wight BID HOME PAGE
The Official webpage for the Isle of Wight Destination Business Improvement District, operating from the 1st of November 2021 for five years. Click on topics below or scroll down the page for more information.
To contact the BID ADMINISTRATOR tel 01983 554954 or email@example.com
Company Member application form click here to download an application form
View a list of your Wight BID entitlements and benefits – click here
Claim your free web site page on visitisleofwight.co.uk – click here
Wight BID frequently asked questions (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
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:
- Discover new markets in the UK and abroad.
- Challenge the perceptions of the Isle of Wight for visitors.
- Increase visitor numbers during the ‘shoulder season’.
- Highlight the sustainability message from Isle of Wight businesses.
With a YES vote confirmed in October 2021, Visit Isle of Wight is working to deliver 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.
- Promoting the use of sustainable travel with our transport partners and working closely with AONB and UNESCO Biosphere organisations to ensure an ‘Island First’ approach.
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 2017 Valuation List as at 1st November 2021. 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 2017 NNDR Valuation Office Agency list) as at the ‘chargeable day’ (notionally 1st November 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’ 01 November to 31 October. In 2022, demand notices will be sent out from January, however, in subsequent years, invoices will be sent out in November.
- 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?
From 1st November 2021, 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 4 million visitors a year and worth £200. Click here to get yourself online today