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UK Culture Secretary renews 54th Horse Racing Levy for 2016

4th December 2015 9:41 am GMT

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. [...]

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