Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what assessment she has made of the case for a more sustainable funding model for horseracing through reform of the Horserace Betting Levy.
The Government recognises the significant contribution that racing makes to the nation’s economy and sporting landscape. For this reason, UK horseracing bets will not be subject to the new rate of general betting duty and will remain taxed at 15%.
The Horserace Betting Levy is important for the financial sustainability of horseracing. We will provide an update on next steps in due course.