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In this issue: New HM Treasury consultation on more frequent business rates revaluations | EMFWELD – Do you meet the Electromagnetic Fields Regulations 2016? | EEF Future Manufacturing Awards – we’ll recognise and reward you | Made in Britain. Loved by the World. 14 June 2016, Exhibition Centre Liverpool | In the media | Week in Review | The week ahead | Blogs from this week
New HM Treasury consultation on more frequent business rates revaluations
At the Budget Statement in March the Chancellor announced that property valuations for business rates would in the future happen every three years, instead of the current practice of every five years. These changes were announced alongside others which resulted in a mixed bag for industry, in particular the absence of any movement on removing plant and machinery from the system.
The government is now consulting on how to implement this change. Notably, the current practice of having the Valuation Office Agency assess all properties independently may have to change if more frequent revaluations take place.
Suggested alternatives include having businesses self-assess their own properties (but this may require a burdensome compliance regime), or moving away from market valuations to a formula approach - although for manufacturing properties this may be too generic to work.
EEF intends to respond to this consultation and is interested in hearing from members:
- The threshold at which businesses will be required to pay business rates has been doubled from a Rateable Value of 6k to 12k. Also the threshold for businesses paying the lower multiplier has been increased from 12k to 51k. These are to take effect from 1 April 2017. Will your business see any benefit from the changes? If so, how significant are the benefits?
- How important is more frequent revaluations to your business?
- What additional information or support would you need to self-assess your own property for valuation purposes?
- Would your business see any advantage in using capital values (i.e. estimated rebuild cost) rather than ‘hypothetical’ rental values for calculating business rates bills in the future? Particularly if businesses will be responsible for self-assessing their own business rates property valuation.
If you wanted to discuss any of these issues in more detail please get in touch with Chris Richards, Senior Business Environment Adviser
EMFWELD – Do you meet the Electromagnetic Fields Regulations 2016?
EMFWELD is an online service that performs an assessment of workers’ exposure to magnetic fields generated by welding and inspection equipment and processes relative to the action levels specified in the Control of Electromagnetic Fields at Work Regulations 2016 and may assist in compliance with the requirements given in the Regulations.
EMFWELD assessments calculate the predicted electromagnetic field values both around the equipment and at the welder’s/welding operator’s position based on the geometry of the equipment, including cables, and the process parameters. EMFWELD can simulate the EMF around arc and resistance welding equipment, as well as magnetic particle inspection (MPI) and induction heating equipment. It requires no installation: all assessments are carried out online and downloadable reports are provided. Users purchase licences in order to perform assessments and produce reports. Licences can be purchased securely from within EMFWELD using a credit or debit card. The cost of licences varies depending on the number purchased in a single transaction. Licence packs are available in the following sizes and costs:
Users are also able to purchase a single assessment licence as a one-off for €30. This allows users to try out EMFWELD without needing to purchase one of the more expensive multi-licence packs. Each licence allows the creation of a single assessment report on the combination of process, equipment, geometry, current and operator location and orientation. Reports can be downloaded to the user’s own computer but are also stored within the user’s EMFWELD account.
All purchases are charged in Euros and VAT is charged in certain countries. EEF are currently anticipating a discount for its members and further information will be provided as this becomes available.
For more information contact Terry Woolmer, Head of Health and Safety Policy
EEF Future Manufacturing Awards – we’ll recognise and reward you
The awards recognise the hard work and dedication of British manufacturers and apprentices. They are easy to enter and winning really helps to set your business apart. Details of how to enter can be found here.
The Awards are open to all UK manufacturers and businesses operating within the supply chain. You don't need to be an EEF member to enter and it's free - so select the categories you're interested in and download your entry forms to get started.
The categories are:
- Apprentice Awards – in partnership with Siemens
- Business Growth
- Developing people
- Environmental Achievement – in partnership with CMR consultancy group
- Health and Safety – in partnership with Howden Group
- Innovation – in partnership with HVM Catapult
- Partnerships – in partnership with Rolls-Royce
For the first time, the apprentice awards will also recognise the achievements of apprentices working in other important roles in manufacturing, such as marketing, procurement and finance. A new Business Apprentice Award has been launched this year to showcase the significant contribution they make to their employers’ business activities.
For more information contact Alex Block, External Affairs Executive
Made in Britain. Loved by the World. 14 June 2016, Exhibition Centre Liverpool
What are the emerging trends in global manufacturing? Where are UK manufacturers leading the way and what are the secrets to their success? Why is the UK such a hotbed for product and process innovation?
We address these questions and more at Made in Britain. Loved by the World a manufacturers’ conference and business networking event delivered by EEF at the International Festival for Business 2016.
Featuring industry experts and panel debates from some of the UK's - as well as the world's - leading manufacturers, you'll have the opportunity to come together and share ideas; find solutions to common problems; Identify new customers, suppliers and business partners; access the world's biggest business festival and be a part of the world's largest business club network.
Book your place here.
‘Solving the Productivity Puzzle’
Following the morning session Siemens plc will be hosting an event entitled ‘Solving the Productivity Puzzle’. The panel experts will discuss “How digitalisation is rewriting the rules of manufacturing" and "Leadership & Skills: What needs to be done to spearhead a productivity shift". The event commences at 14.00 and closes at 16.30 followed by drinks and networking.
Book your place here.
In the media
A feature article in the Daily Mail suggested the Prime Minister should convene a special task force to explore the UK’s lead in materials technology while The Times (subscription required) reported UK Steel’s views the issue of steel dumping and the G7 meeting. Our latest comments on GDP data were reported in The Times and FT. Our Chief Executive, Terry Scuoler, also led 102 SMEs signing a letter to The Times on the case for remaining within the EU.
For more information contact Mark Swift, Head of News
Week in review
The PMI rose back above the 50 no change mark in May. Weak export growth and reports of further job losses kept any rise in check. Sector divergence was evident with intermediate goods sectors reporting stronger demand conditions.
The week ahead
6th June: EEF Manufacturing Outlook
8th June: Index of production
9th June: UK Trade
Blogs from this week
31 May 2016
We set out 6 red lines on the apprenticeship levy, but has the government delivered on them? by Verity O’Keefe
01 Jun 2016
Nearly a year on since the release of the Commission’s post-2020 EU ETS reform proposals – where have we got to? by Nick Troja
02 Jun 2016
Did Budget 2016 deliver on business rates for industry? by Chris Richards