19 C
Manchester
Tuesday, September 2, 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

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...

The Office Providers Releases Salford Quays Office Space Directory As District Approaches Anniversary

Manchester office agency has published a Salford Quays workspace directory as the waterfront district approaches the 20th anniversary of the BBC choosing it as...

Manchester corporate gift company setting the standard for ethical business

At a time when many companies are prioritising profit over purpose, one Manchester-based business is proving that ethics and enterprise can go hand in...

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,...
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

From concept to conversion: How branding impacts website performance

Branding is often discussed in digital strategy, but not always clearly. We focus on logos, colour schemes, and taglines. These are important, but they...

Manchester corporate gift company setting the standard for ethical business

At a time when many companies are prioritising profit over purpose, one Manchester-based business is proving that ethics and enterprise can go hand in...

JD Seasonings Celebrates 10 Years and 42 Great Taste Awards

JD Seasonings, the multi award-winning spice blend company, is marking its 10th anniversary this month with another proud milestone — securing five new Guild...

Manchester’s TQUK Hits One Million Learners in Vocational Training Success

Training Qualifications UK (TQUK), a Manchester-based awarding and assessment organisation, has celebrated a major milestone after registering its one-millionth learner on a regulated qualification. Founded...

More News

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,...

Evlo and Moneyline Collaboration Offers Lifeline to Financially Vulnerable Borrowers

UK consumer lender Evlo has confirmed a strategic partnership with Moneyline to improve access to affordable finance for non-prime applicants, particularly during periods of...