Last weeks to contribute to business valuation consultation

The Valuation Office Agency (VOA) is asking for views on disclosing more information on business rates valuations.

This includes having access to:

• an analysis of the evidence used to calculate the rateable value of your property
• an explanation of how evidence has been used.

The proposed changes follow the government’s review of the business rates system.

According to the VOA:

We welcome views from:

• ratepayers (including occupiers or tenants of non-domestic properties who do not pay business rates due to reliefs)
• landlords
• rating agents
• business representative bodies
• local authorities
• other stakeholders interested in the business rates system.

We already know that different groups might want different levels of information. Make sure to have your say, so we know what you think.

You can have your say on business rate valuations through our consultation on disclosure. The consultation closes on 7 June 2023.

You can learn more about what the VOA sharing more information might mean for you. You will also find out how it might differ for different types of properties.

Find out:

• more about how we value
• how we use evidence to make a valuation
• look at examples.

Tell us:

• what you need to judge if your valuation is fair
• what you consider sensitive data
• your views on sharing data.

This consultation will help ministers decide how to proceed. It will ensure any decisions made are informed by the input and views of a broad range of people.

This proposal is part of a wider set of changes that are coming to business rates. There are no changes that will affect you now. We will tell you about the changes and when you will be affected.

Source: Valuation Office Agency