Business_Floorspace__Experimental_Statistics__release_notes.doc - Business Floorspace(Experimental Statistics Release Notes 17 May 2012 Contents Summary

Business_Floorspace__Experimental_Statistics__release_notes.doc

This preview shows page 1 - 3 out of 13 pages.

Business Floorspace (Experimental Statistics) Release Notes - 17 May 2012 Contents Summary This new experimental statistical release provides a time series of statistics on the floorspace and rateable value of a range of classes of property liable for business rates. Statistics are shown as 31st March each year from 2000 to 2012. The estimates of numbers of hereditaments, total rateable values, total floorspace and average RV per metre squared are derived from data for England and Wales extracted from the Valuation Office Agencys administrative database on 31st March 2012. These statistics are labeled as Experimental. "Experimental statistics are new official statistics that are undergoing evaluation. This gives statistical producers an opportunity to engage more closely with users of the statistics in order to arrive at outputs that are of greatest use to the user community as a whole. The VOA statistics team invites readers to comment on experimental publications, which will help inform future releases. Comments may be sent to [email protected] . Use made of the data This publication is being released as part of a general drive towards making VOAs data more accessible. In the past, the VOA has provided data to Department for Communities and Local Government (DCLG) to compile Commercial and Industrial Floorspace statistics, though final publication of this release was in March 2009. These data were of use to local authority planners and policy makers, the property profession and others requiring information on commercial and industrial stock. The statistics presented in this release are not directly comparable with the Commercial and Industrial Floorspace statistical series - for several reasons: Historic figures in this release (for example statistics representing the Rating Lists as at the 1st April 2000) are compiled using the latest data available (extracted 31st March 2012) and this will include backdated assessments or other amendments not reflected in earlier statistical series. The methodology for processing the floorspace data extracted from the VOAs various administrative sources is in development. One of the reasons that CLG discontinued the series is that they were time-consuming and expensive to produce. The VOA is exploring a simplified methodology, while striving to maintain and improve the accuracy and validity of these data.
Image of page 1
New classifications have been designed with regard to user needs and to reflect data quality and operational operational practises in collecting and recording floorspace data. The purpose of these statistics is to inform at a broader level on the number, size and value of properties by category. Those interested in specific valuations or assessments should consider the summary valuation lists, published by the VOA.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 13 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors