A couple of months ago I posted about changes to the Community Infrastructure Levy (CIL). As this year continues to fly by this is just another quick update, given that we are in November, regarding the levy charges.
From 1 January 2020 local authorities (in areas which have adopted CIL charging) should use the figure for 1 November for the preceding calendar year. This is set out in the Community Infrastructure Levy (Amendment) (England) Regulations 2019. The index will be published on the fourth Monday in October each year. The Index, once published, will not normally be subject to revision. Should the Royal Institution of Chartered Surveyors (RICS) feel it necessary to amend a published Index this will only be done with the agreement of MHCLG and details will be provided on the Webpage.
On 28th October 2019, for the year 2020, the Index is 334 (RICS CIL Index (base 1985 mean = 100).
The index is based on the BCIS All-in Tender Price Index (BCIS TPI). The index is published on the same base as the BCIS All-in Tender Price Index used in the previous regulations. The 2020 figure is based on building prices in 2019 (see details of calculation) and will apply from 1 January 2020, it can therefore be used to update schedules set up under the previous regulations and as the base for new schedules.