Lord Smith of Hindhead – 2016 Parliamentary Question to the Department for Culture, Media and Sport

The below Parliamentary question was asked by Lord Smith of Hindhead on 2016-04-26.

To ask Her Majesty’s Government whether the current annual arrangements for setting the Horseracing Betting Levy will continue under the proposed new funding arrangements, or will be extended beyond twelve months.

Baroness Neville-Rolfe

Currently the levy rate is agreed each year by the Horserace Betting Levy Board.

Under the new model the level of contribution from betting to racing will be set by Government. We will take into account various findings when considering the rate and its duration, including the independent economic analysis that we commissioned last year. We will hold discussions with both industries before reaching decisions on these issues.