Valuation Office Agency: Finance

Treasury written question – answered on 8th October 2019.

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Photo of Steve Double Steve Double Conservative, St Austell and Newquay

To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the level of funding for the Valuation Office Agency in order to ensure that it is able to effectively process business rates appeals.

Photo of Jesse Norman Jesse Norman Financial Secretary to the Treasury and Paymaster General

The Treasury has provided the Valuation Office Agency (VOA) with the resources it needs to deliver the valuations and property advice required to support the smooth running of the taxation and benefits system.

At Spending Review 2019, HMRC (the VOA’s sponsor department) received a resource budget increase in line with inflation from 2019/20 to 2020/21.

The Treasury continues to work closely with the VOA and HMRC to understand the VOA’s resource requirements to deliver its functions and is committed to ensure that the VOA is appropriately funded.

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