The 54th Horse Racing Levy agreed in September 2014 has been rolled over into 2016 by the UK Secretary for Culture, Media and Sport after the Horserace Betting Levy Board (HBLB) failed to approve a recommendation for the 55th Levy scheme.
MP John Whittingdale decided to roll over last year’s levy, which generates total yield of £74.3m for the industry, using powers granted to him under section 1(2) of the 1969 Horserace Betting Levy Act. The legislation gives the [...]
