Workplace Parking Levy
The Workplace Parking Levy is a monetary charge on employers who offer parking spaces at workplaces. It functions as a sort of congestion charge in Nottingham, for employers who offer 11 or more parking spaces at their workplace, as an aim to reduce traffic in the city.
The employer/owner of the business is the one responsible for paying the Levy each year for each parking space, although he can transfer all or some of the price to the employees themselves, as a measure to reduce the price he himself has to pay.
The Levy costs an employer £362 for each parking space that they supply for their workers, although the Levy only applies when the business has 11 or more available parking spaces for use by the employees. The Levy is paid annually, and on the 1st of April 2015 will raise to £375 to rise on par with inflation.