Levy reform

The UK Government will look into the timetable for reviewing the Horserace Betting Levy, and the news has been welcoming by the British Horseracing Authority (BHA). Not due for a review until 2024 under the current legislation, the Horserace Betting Levy is now on the table for next year. The ongoing COVID-19 pandemic has magnified the funding issues of the industry, and the COVID-19 Recovery Plan, published in August, called for an urgent review as part of a wider initiative to restore industry finances. After the review was published, the...

A united approach regarding Levy reform has been agreed upon by the British Horseracing Authority and other industry leaders. Involved parties, among them racecourses, horsemen and the BHA met at the BHA Members Committee meeting last week and agreed upon the creation of a new steering group with regards to Levy reform which would analise all the options available as the COVID-19 pandemic continues alongside the economic downturn. Joe Saumarez-Smith will chair the new group which meets this week. The group will work alongside the BHA's Public Affairs team. Other...