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<p>In April 2017, we made significant reforms to the Horserace Betting Levy by fixing
the Levy rate at 10% and extending the scope of the Levy to include offshore online
bookmakers for the first time. These reforms resulted in an extra £45m in statutory
Levy income for 2017/18 to support the racing industry and we expect a similar uplift
for 2018/19.</p><p> </p><p>The uplift in income from the reformed Levy has contributed
to record prize money of £142.5m in 2017/18 and has also provided increased funding
for equine welfare, industry recruitment and training, and measures related to veterinary
science and education.</p><p> </p><p>We note the Parliamentary Scrutiny committees’
reports regarding proposed changes to the administration of the reformed Levy and
will consider them carefully.</p>
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