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Buisiness Rates

 
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rotaman



Joined: 15 May 2016
Posts: 18
Location: denbigshire

PostPosted: Fri Jun 07, 2019 10:22 am    Post subject: Buisiness Rates Reply with quote

Hi People, Does anyone know how the VOA 'valuation office agency' calculate furnish holiday lets, what's the criteria.

Rotaman
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Jonathan



Joined: 14 Aug 2014
Posts: 91
Location: Warwickshire

PostPosted: Fri Jun 07, 2019 11:04 am    Post subject: Re: Buisiness Rates Reply with quote

rotaman wrote:
Hi People, Does anyone know how the VOA 'valuation office agency' calculate furnish holiday lets, what's the criteria.

Rotaman


When we were first valued it was on the number of beds. When the last revaluation happened, they asked a lot of detailed questions about our finances, which meant I had to recast our accounts. I don't know what formula they used but our rateable value means we get a 100% discount so in effect pay nothing.

Jonathan
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Soupdragon



Joined: 24 Aug 2015
Posts: 41
Location: North Yorkshire

PostPosted: Thu Jun 13, 2019 11:50 am    Post subject: Reply with quote

I'm just going through this myself, Rotaman. It's making me very nervous indeed...if I get a doubling of valuation (as has happened to some businesses), I'm going to be put out of business.

Anyway, there is quite a lot of detail about how they value self catering properties in this document here https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/421198/Holiday-Cottages-and-Self-Catering-Units-ENG_v06.pdf
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