RICS, with the support of the Ministry of Housing Communities and Local Government (MHCLG), have developed an annual index for the purposes of keeping the levy rate responsive to market conditions.
28th October 2019
26th October 2020
25th October 2021
The index is based on the BCIS All-in Tender Price Index (BCIS TPI). Details of the calculation of the RICS CIL index and the BCIS TPI are given below.
The index is published on the same base as the BCIS All-in Tender Price Index used in the previous regulations. The 2021 figure is based on building prices in 2020 (see details of calculation) and will apply from 1st January 2021, it can therefore be used to update schedules set up under the previous regulations and as the base for new schedules.
The index will be published on the fourth Monday in October each year. The Index, once published, will not normally be subject to revision. Should RICS feel it necessary to amend a published Index this will only be done with the agreement of MHCLG and details will be provided on the Webpage.
Terms & Conditions for using the RICS CIL can be found below