Horse Racing: Betting
The question
To ask the Secretary of State for Culture, Media and Sport, what recent progress she has made on the review of the Horserace Betting Levy.
Answered by Ian Murray
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.
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