Karen Bradley MP: will have the task of determining the 56th levy scheme
By Bill Barber 6:30PM 31 OCT 2016
CULTURE secretary Karen Bradley will have the task of determining the 56th levy scheme after members of the Levy Board and Bookmakers Committee failed to agree a deal before the October 31 deadline.
The process is unusual this year as the levy is due to be replaced from next April but there is a statutory requirement for a deal to be agreed as the legislation is not yet in place.
Having a deal in place also safeguards racing against a funding black hole should the timetable for levy replacement slip.
It is understood racing’s representatives told the Levy Board they were willing to accept a cut in the rate for the statutory levy to ten per cent from 10.75 per cent in an attempt to prevent the minister becoming involved.
Sports minister Tracey Crouch has told the sport and bookmakers she is “minded” to set a rate of ten per cent for the replacement system.
However, after a short meeting on Monday evening it was apparent no agreement could be reached.