16.1 C
Manchester
Wednesday, September 17, 2025
Business supportRVA Surveyors Offer Insight into the Valuation Office Agency Consultation on Business...

RVA Surveyors Offer Insight into the Valuation Office Agency Consultation on Business Rates

The Valuation Office Agency (VOA) have opened an online consultation with the public on what information should be shared about business rates. Managing Director of RVA Surveyors, Anthony Hughes, shares insight into how this affects businesses.

Whether landlords, business owners or leaders, ratepayers and many more, the VOA have asked the public to put forward their opinion. Particularly, on three specific areas: what extra information should be provided, what is needed to judge if a valuation is accurate and fair, and what is considered sensitive data.

As the cost of running a business – from energy prices, wages, to supply issues – rises, taxes and interest rates have risen too in an effort to control inflation. For commercial property owners/tenants/landlords perhaps the most prevalent of this is the commercial property tax known as business rates. Although studies published in 2022 have found that excessive corporate profits have driven almost 59% of inflation throughout the cost-of-living crisis in the UK alone.

Business Rates Have Stayed at the Forefront of a Business’s Costs.

More frequent valuations however have often been a hotly debated topic when it comes to overhauling the UK’s business rates tax system. Perhaps this is the ultimate subject of the VOA’s current venture. A survey in which to determine the popularity of more frequent valuations, as well as other concerns people may have about this particular tax.

“Overhauling the business rates tax system is a very, very frequent discussion.” Anthony Hughes, Managing Director of RVA Surveyors, explains.

“Many believe that more frequent valuations will do the trick, however this is only part of it. A commercial property’s space and usage can change in value, an increase, or a decrease. This then affects what business rates you pay on that property. Unless physical, on-site inspections are conducted on every commercial property to ensure accuracy, the VOA cannot guarantee a fair tax.

The VOA employs almost four thousand people. Roughly half of these are surveyors. It is well within their ability and manpower to conduct physical inspections on every commercial property in a three-year rating list.”

For more information, visit: https://www.rvasurveyors.com/

News Desk
News Deskhttps://www.businessmanchester.co.uk/
The Business Manchester News Desk team is a collective of experienced journalists and editors dedicated to delivering comprehensive business news and insights from the Manchester area and beyond. With a strong background in finance, technology, property, and innovation, our team ensures that our readers stay well-informed about the latest trends and developments in the business world. Through in-depth reports and insightful analysis, the Business Manchester News Desk team is committed to providing high-quality journalism to its audience.
Latest

The green fleet: Sourcing affordable EVs at car auctions

The used electric vehicle market is experiencing unprecedented growth across the UK, with government data showing that zero-emission vehicles accounted for 20% of all new car...

Timberwise Boss Reveals Five Costly Issues Buyers of Older Homes Should Know

A leading voice in property care has revealed the five most widespread and expensive issues that often arise when people purchase older homes. George Edwards,...

K2L Marketing Strengthens Global Footprint with New Offices in Dubai and Illinois

Manchester-based performance marketing agency K2L has announced the opening of two new international offices, one in Dubai and the other in Illinois, USA. This...

Choosing reliable vehicle financing for families in Manchester

When it comes to securing vehicle financing for your family, reliability is essential. Families need to consider the long-term impact of their financial decisions,...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

K2L Marketing Strengthens Global Footprint with New Offices in Dubai and Illinois

Manchester-based performance marketing agency K2L has announced the opening of two new international offices, one in Dubai and the other in Illinois, USA. This...

Appy Pie Unveils Snappy 2.5: A Faster, Smarter Website Builder Designed Around User Feedback

Appy Pie has introduced Snappy 2.5, the latest upgrade to its website builder, developed in direct response to long-standing user feedback. This release focuses...

£1 million health optimisation hub opens near Manchester Airport this month with exclusive treatments from £45

A new £1m high-tech clinic is set to open at Manchester Green on September 18, bringing treatments more often associated with London’s private wellness...

The green fleet: Sourcing affordable EVs at car auctions

The used electric vehicle market is experiencing unprecedented growth across the UK, with government data showing that zero-emission vehicles accounted for 20% of all new car...

More News

Choosing reliable vehicle financing for families in Manchester

When it comes to securing vehicle financing for your family, reliability is essential. Families need to consider the long-term impact of their financial decisions,...

Why more UK homeowners are delaying their next move

The UK housing market has entered an unprecedented period of stagnation, with transaction volumes plummeting to levels not seen since the financial crisis of...

Corporate event catering in Manchester – Who does it best?

When it comes to planning a corporate event, one detail that makes a lasting impression is the catering. Whether you’re hosting a team meeting,...