questionText: To ask the Chancellor of the Exchequer, what assessment (a) her Department and (b) the Valuation Office Agency has made of the potential impact of changing the business rates valuation methodology for serviced offices from multiple hereditaments to a single hereditament model on (i) small businesses and (ii) flexible workspace operators.
answerText: Following developments in case law and legal advice, the VOA has reviewed its approach and concluded that most serviced offices will need to be assessed as a single property. The VOA has engaged with the sector and rating agents to discuss the approach to...
heading: Business Rates: Valuation