Collection of the Levy
Perth and Kinross Council collects the investment levy on behalf of the BID, with the funds being lodged within a BID Revenue Account. The BID levy can only be accessed by Crieff Succeeds BID and is drawn down by the Board of Directors to allow the delivery of the business plan.
The BID Revenue Account and levy cannot be accessed by Perth and Kinross Council and used by them as an additional source of income.
This arrangement helps to ensure that any financial liabilities of the BID are transparent and answerable to the business levy payers in the BID area.