Government's Coronavirus Response: CIL Changes
Published date | 14 July 2020 |
Law Firm | DMH Stallard |
Author | Chloe Karamian |
13 July, 2020
On 30 June, the Government laid out Coronavirus CIL amendment regulations, the purpose being to try to reduce cash flow issues for developers.
What are the changes?
- Developers can ask for deferrals, but importantly only for CIL payments due from the date that the amendments come into effect (TBC but expected before 22 July) and 31 July 2021. This is not retrospective but looking at any payments due soon and in the following year
- Developers can ask that any interest accrued on any CIL payment subject to a deferral request is credited against the CIL amount
Who is eligible?
A person who:
- Has received a CIL demand notice
- Is required to pay CIL...
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