Offices: Business Rates
(asked on 2nd June 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of business rates relief on supply of serviced office buildings.
This question was answered on 10th June 2025
The Valuation Office Agency (VOA) is responsible for valuing non-domestic property for business rates purposes. At present many serviced offices are valued as separate units. This means that businesses occupying serviced office units are liable for business rates. Where eligible, these businesses may claim Small Business Rate Relief (SBRR). SBRR provides 100 per cent rate relief for properties with rateable values below £12,000, and tapered support to those with rateable values below £15,000.
The Valuation Office Agency (VOA) is responsible for valuing non-domestic property for business rates purposes. At present many serviced offices are valued as separate units. This means that businesses occupying serviced office units are liable for business rates. Where eligible, these businesses may claim Small Business Rate Relief (SBRR). SBRR provides 100 per cent rate relief for properties with rateable values below £12,000, and tapered support to those with rateable values below £15,000.