Tag Archives: horseracing levy

Nicholas Cooper has called upon the industry to consider shifting the horse racing levy from the current gross profits system towards a betting turnover-focused system.  As part of his speech at the Racehorse Owners Association’s (ROA) annual meeting in London, the ROA president said that a turnover-based levy would “provide a much truer reflection of racing’s continuing worth to the betting …

The Department of Culture, Media & Sports (DCMS) has informed that the provisions of the current Horserace Racing Betting Levy will be rolled over into 2017/18 as no progress has been made on the terms of a new levy scheme. Updating industry and racing stakeholders, Karen Bradley Secretary of State for Culture, Media & Sport announced the government’s decision to continue …

A report in the Racing Post suggests that The Horseracing Levy board is set for another stay of execution and will continue operating until the end of 2017. The body had been expected to shut down when the government’s planned replacement system comes into force on 1 April, but the total change of personnel in the positions of power in the …