1、 Business Rates THE COST OF A DISPROPORTIONATE SYSTEM Business Rates The cost of a disproportionate system Key findings Nearly 9/10 manufacturers have reported an increase in their revaluations for April 2026.It is estimated the sector will pay an additional 939m a year on their rates 1/5 manufactur
2、ers operate in a facility that is valued at more than 500k,risking exposure to the new“high value”multiplier Only 6%of manufacturers have a rateable value(RV)of less than 20,000,limiting access to reliefs such as the Small Business Rates Relief Manufacturers are considering cutting jobs as the prima
3、ry route to rebalancing costs.It is estimated that approximately 25,000 jobs could be put at risk across the UK(worst case)3/4 of manufacturers say Business Rates are one of their top 5 largest costs in the business,nearly 1/3 say it is one of their two biggest costs Manufacturers want a more“propor
4、tional”system to property taxes,such as incorporating the definition of“SME”or linking to turnover for rate calculations.Summary 1.Make UK,is the voice of manufacturing in the UK,representing all aspects of the manufacturing sector.Representing over 20,000 businesses employing almost one million wor
5、kers,Make UK members operate in the UK,Europe,and throughout the world in a dynamic and highly competitive environment.2.To assess the impact of the incoming revaluation of business rates on UK manufacturing businesses,Make UK analysed publicly available data from the Valuation Office Agency(VOA)on
6、rateable value changes between 2023 and 2026.In addition,Make UK conducted a short survey of manufacturers to better understand the impact of new rates on business decisions(investment,employment,innovation)and what businesses want to see from future reforms to the system.3.Business Rates is one of