The Valuation Office Agency currently consists of 52 offices spread throughout the UK and is responsible for the maintenance of Rating Lists, which set the value for business rates. The business rates system currently generates £26bn annually.
According to one report: “The Valuation Office Agency, part of HM Revenue & Customs, is planning to shut down 26 of its 52 offices by 2023 and focus its presence in big cities. It is also cutting 1,000 staff by 2021 more than 25 per cent of its workforce.
The VOA on Monday confirmed the details of the shake-up, which a leading property adviser branded as a “shambles”.