By Claire West

Minister for Communications, Ed Vaizey today welcomed new guidance from the Valuation Office Agency (VOA) on business rates for broadband networks.

Following discussion with the industry, the VOA has issued revised guidance on how it values fibre optic networks. VOA has made it clear that it is committed to working with broadband providers to ensure the fair and accurate rating of this emerging market.

The Minister commented:

“I welcome the work that VOA has been doing with industry. These new guidelines will offer much greater clarity for businesses that invest in broadband networks and give them the opportunity to feed their views to the VOA.

“VOA has made it clear that they welcome evidence from the industry to enable the Agency to maintain a fair and accurate rating for this important market, which is a priority for the coalition Government.

“I hope that industry will take the opportunity to study this new guidance and to engage constructively with VOA for the benefit of consumers and businesses throughout the country.