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Non-Domestic Rates: Valuation

Volume 474: debated on Monday 21 April 2008

To ask the Secretary of State for Communities and Local Government what use the Valuation Office Agency is making of Prior Agreements for the 2010 business rates valuation. (198922)

The Valuation Office Agency (VOA) is keen to make the rating system more transparent. Prior agreement seeks to involve ratepayers and their representatives actively in the rating revaluation process by exchange of information, discussion and—where possible—agreement of a consistent approach to the valuation.

Prior agreement works best where the property type is of a discrete nature and where the number of different occupiers is limited. The VOA will look at the possibilities for prior agreement in these circumstances.