The calculation as specified in schedule one is
R x A x Ip
Ic
Where
- R = CIL chargeable rate
- A = the net chargeable area
- Ip = the index figure for the year in which planning permission was granted
- Ic = the index figure for the year in which our charging schedule containing rate R took effect
Details of the chargeable rates can be found in our charging schedule.
The index figure for the calendar year 2022 is 332
Previous index figures
- 2021 - 333
- 2020 = 334
- 2019 = 315
- 2018 = 275
- 2017 = 275
- 2016 = 275
To show the indexation figure as a % divide the Ip figure by the Ic figure, for example, 2019 = Index figure is 315 / 275 = 1.145.