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Written question asked by Lord Agnew of Oulton (Conservative) on Thursday, 19 June 2025, in the House of Lords. It was due for an answer on Thursday, 3 July 2025. It was answered by Lord Livermore (Labour) on Thursday, 3 July 2025 on behalf of the Treasury.


Valuation Office Agency: Finance

Question

To ask His Majesty's Government, with regard to page 40 of their policy paper Spending Review 2025: Departmental Efficiency Plans, published on 11 June, what were the total administrative costs of the Valuation Office Agency in 2024–25; and what is the breakdown between cash-releasing and non-cash-releasing efficiencies of the projected 5–10 per cent savings from integrating the Valuation Office Agency into HMRC by 2028–29.

Answer

The Valuation Office Agency’s total administrative costs in 2024-25 were approximately £27m.

The cash releasing and non-cash releasing breakdown (by 28/29) of efficiencies from integration with HMRC is yet to be determined as detailed plans are still being developed.


Secondary information

Type
Written question
Reference
HL8630
Session
2024-26
Related items
Spending Review 2025
Wednesday, 11 June 2025
Command papers
House of Commons
House of Lords
Subjects
Finance Valuation Office Agency Revenue and Customs
Contains statistics
Yes
Link
View this Written question on www.parliament.uk