Will Moving VOA into HMRC Just Perpetuate a Broken System?
Manage episode 494526765 series 3640106
Discussing the Upcoming VOA and HMRC Integration and Reimagining Business Rates
In this episode of 'That Retail Property Guy,' host Gary Marshall explores an announcement on the Gov UK website regarding the integration of the Valuation Office Agency (VOA) into HMRC by April 2026. Highlighting inefficiencies within the current business rates system, Gary discusses the potential impacts on retailers and other business sectors. He questions the purported savings and suggests replacing business rates with adjustments to the VAT system. Gary calls for innovative solutions to fairly distribute tax burdens without perpetuating outdated methods. This episode is essential for retail businesses concerned about impending bureaucratic changes.
00:00 Introduction to the Podcast
00:19 Government Changes to the Valuation Office Agency
02:01 Implications of the VOA Merger
03:45 Critique of the Business Rates System
07:42 Proposed Alternatives to Business Rates
10:51 VAT as a Replacement for Business Rates
14:57 Conclusion and Call for Suggestions
Related episode - Business Rates Exposed: the Curse of an Archaic System
Valuation Office Agency scrapped in government drive to slash inefficiencies - GOV.UK
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