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The Valuation office is an Executive Agency of the Her Majesty's Revenue & Customs (HMRC) established
under
the Next Steps principles. This means that we are subject to review, normally
every five years.
These reviews examine whether
the agency should be abolished, privatised or its work
contracted out.
- if agency status
is reconfirmed, consider whether any revisions are required to
the agency's Framework Document, and
- evaluate the agency's
performance.
We have launched our transformation strategy as part of our response
to the
report of the review which was published on 13 September 2000.
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