IHTM23223 - Procedure in the VOA: inspection and valuation
An inspection and valuation exercise will usually comprise one substantive exchange with the taxpayer about value after inspection. The VOA may
- accept the value offered
- put forward an alternative value
- agree an intermediate value following a counter valuation from the taxpayer
The time scale and target to reach a conclusion in this stage is a maximum of 3 months (60 working days).