WELCOME TO CHARLES RUSSELL SPEECHLYS.
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Following a recent consultation on changes to the community infrastructure levy (CIL), the government has decided to adopt the majority of its proposals. This will be welcome news to developers, particularly the announcement that the changes to the current s106 system will be delayed by a year to April 2015, giving authorities more time to introduce CIL. A detailed draft of the proposed regulations is awaited, but the changes are intended to come into force by the end of January 2014.
These changes are, in the main, helpful in simplifying the existing system. It is likely that further changes will be required in the future, as the regime continues to bed down.
For more information please contact Claire Fallows, Partner
T: +44 (0)20 7427 6722