BHA Chief Contact Government to Halt Affordability Checks after Ministers Rule Out Levy Reform
British racing's fragile financial scenario was dealt another blow by the federal government on Wednesday after it eliminated any prospect it would intervene to reform the levy system.
In response, BHA chief executive Brant Dunshea gotten in touch with ministers to identify the effect the choice would have on the economics of the sport and to stop the intro of affordability checks.
A statement from betting minister Baroness Twycross stated the federal government did not feel it was proper to "pursue legal changes to the rate of the horserace betting levy at this time" which it did not "support the extension of the levy to overseas racing".
Dunshea said it was "disappointing" that it had actually taken almost 3 years because the last federal government introduced a review of the levy to choose there must be no change in the rate, including that ministers would be "genuinely congratulated" if they halted the introduction of affordability checks to ease pressure on racing's financial resources
Affordability checks, the levy and tax - how government policy and gambling policy have actually hit racing's finances.
When the last Conservative government published its gaming white paper in 2023 it acknowledged that the prepare for affordability checks would have an influence on British racing's financial resources, saying it was eager to ensure they did not "negatively affect the sector" and commenced a review of the levy system.
However, ministers did not step in directly and left it to leaders of racing and bookmakers to whip out an offer.
A contract between racing and bookmakers to increase the levy was stated to be on the edge of being revealed in May 2024 just for the then prime minister Rishi Sunak to call a basic election which stopped more development.
British racing's fragile financial scenario was dealt another blow by the federal government on Wednesday after it eliminated any prospect it would intervene to reform the levy system.
In response, BHA chief executive Brant Dunshea gotten in touch with ministers to identify the effect the choice would have on the economics of the sport and to stop the intro of affordability checks.
A statement from betting minister Baroness Twycross stated the federal government did not feel it was proper to "pursue legal changes to the rate of the horserace betting levy at this time" which it did not "support the extension of the levy to overseas racing".
Dunshea said it was "disappointing" that it had actually taken almost 3 years because the last federal government introduced a review of the levy to choose there must be no change in the rate, including that ministers would be "genuinely congratulated" if they halted the introduction of affordability checks to ease pressure on racing's financial resources
Affordability checks, the levy and tax - how government policy and gambling policy have actually hit racing's finances.
When the last Conservative government published its gaming white paper in 2023 it acknowledged that the prepare for affordability checks would have an influence on British racing's financial resources, saying it was eager to ensure they did not "negatively affect the sector" and commenced a review of the levy system.
However, ministers did not step in directly and left it to leaders of racing and bookmakers to whip out an offer.
A contract between racing and bookmakers to increase the levy was stated to be on the edge of being revealed in May 2024 just for the then prime minister Rishi Sunak to call a basic election which stopped more development.