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DCMS steps in over failure to agree new British horseracing levy

1st December 2016 2:21 pm GMT

Britain's Department for Culture, Media and Sport (DCMS) has confirmed that the 2014 Horse Racing Betting Levy will be rolled over yet again after the Horserace Betting Levy Board (HBLB) failed to reach agreement on a new scheme for 2017.

Secretary of State for Culture, Media and Sport Karen Bradley has decided that the 56th levy scheme will continue to have effect in 2017. This scheme generates a yield of around £74.3m for UK racing via a [...]

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