Racing makes offer as deadline for levy looms

Culture secretary Karen Bradley may have to decide on the next levy scheme if agreement cannot be reachedCredit: Ian Cooper

Racing's representatives have told the Levy Board they are willing to accept a cut in the rate for the statutory levy to ten per cent as the October 31 deadline for a deal to be agreed draws closer.

Although the government remains committed to replacing the levy system next year, there is still a statutory requirement for a levy scheme to be in place from April 1 as the new legislation is not in place.

The Levy Board is set to meet on Thursday to discuss the latest situation and any recommendations made by the bookmakers' committee for the 56th scheme.

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Bill BarberIndustry editor

Published on 25 October 2016inNews

Last updated 17:12, 25 October 2016

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