BID Levy Enquiries

Businesses or organisations occupying premises with a rateable value of £7,500 or more pay the levy.

BID Levy Info

– The current BID term began on 01-10-2019 after yes vote at ballot in July 2019.
– The BID will operate until 31-03-2024, then a further ballot will need to be held if it is to continue.
– The levy is set at 1.25% per year of your premises rateable value.
– Premises occupied by registered charities or schools receive a reduction 50%.
– The levy for empty premises will be charged to the ratepayer.
– An invoice is issued annually in April by Southwark, who collect payments on behalf of the BID.
– All levy paying businesses are eligible to get involved in the governance of the Blue Bermondsey BID

How To Pay
There are several ways to pay the BID levy. For all payment methods, you, will need to quote your 8 digit BID account reference number which is shown on the front of your invoice.

BACS and CHAPS or online banking
London Borough of Southwark
Bank account no: 65619587
Sort code: 51-50-03

Standing Order
London Borough of Southwark
Bank account no: 65619587
Sort code: 51-50-03

By Phone
Please call 020 7525 3168 (Monday to Friday 9am to 5pm).

Please Note – Southwark Council business rates bank details are not the same as BID levy bank details, so please ensure you quote the bank details shown above.

Payment Options - Covid 19

The challenges we have all faced as a result of the Covid 19 pandemic has affected the way we all operate as businesses. In line with national legislation (BID Regulations Act 2004 and Local Government Act 2003) and our BID Levy Rules, we are legally bound to collect the levy, and if your business is experiencing financial difficulties please get in touch so that we can implement a payment option that works for you.

Account Enquiries

If you have any queries about your BID levy invoice, reminder notices that have been issued or would like a copy of this year’s bill. You can create a My Southwark account by registering online.

If registering for the first time you will need to enter your business name, postcode of the property address and the first 7 digits of your account number.