New Report Warns £600m VOA Office Tax Hike To Shut Down U.K. Serviced Office Sector, Send 150k To Work From Home

Rachel Reeves £600m Stealth Tax Set to ‘Tax Community Enterprise Infrastructure out of Existence’ claims National Enterprise Network

The National Enterprise Network (NEN) has raised serious concerns about emerging changes and interpretations within the business rates system that could significantly increase the tax burden on shared office and managed workspace providers across the UK, as set out in Chancellor Rachel Reeves’ stealth tax plans to punish small businesses to the tune of £600m. The Network is warning that recent changes by the Valuation Office Agency (VOA) to how …

Serviced office sector under threat from 'rogue' £600m VOA tax hike

Recent business rate reclassifications for serviced offices will deliver a £600m annual hit to the sector, threatening both serviced offices and the government's economic growth mission, according to analysis from ChamberlainWalker.

New Report Warns £600m VOA Office Tax Hike To Shut Down U.K. Serviced Office Sector, Send 150k To Work From Home

Around 150,000 workers could be forced to work from home as companies would be forced out of their offices.