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UK horse racing levy replacement clears Parliament

30th March 2017 8:05 am GMT

British Racing has welcomed the conclusion of the UK Parliamentary process to implement the extension of the Levy to offshore online betting operators, with the government confident that it will soon receive clearance from the European Commission for its new proposal.

In January Sports Minister Tracy Crouch announced the replacement for the existing Horserace Betting Levy, which would require betting operators to pay 10 per cent of gross profits earned above £500,000.

The Draft Horserace Betting Levy Regulations 2017 [...]

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