Pinewood, Warner, Sky Sound Alarm Over “Studio Tax” Threat To UK Status As Hollywood Rival

Pinewood, Warner Bros Discover and Sky are among a group of major companies to voice concerns about eyewatering hikes in studio costs in the UK.

December 21, 2023 · 1 min · 74 words · Nathan Tanner

Rateable values are used to calculate business rates, a tax on non-domestic properties.

The higher the rateable value, the higher the business rate tax.

Pinewood had its rateable value raised fourfold to 16.2M ($20.5M) on April 1.

Hugh Grant and Timothée Chalamet in ‘Wonka’

‘Wonka’ was filmed at Warner Bros. Studios Leavesden.Warner Bros.

Warner Bros. Studios Leavesden saw its rateable value rocket fivefold to 25.3M.

Every effort is being made by all parties to address the situation as soon as possible.