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<p>This year we have run two consultations on the Horserace Betting Levy. The first
focused on extending the Levy to offshore operators and received 24 responses. The
second looked at reform or replacement of the Levy and received 100 responses.</p><p>As
a result of our analysis of the responses to the two consultations it is clear that
more detail is required as to how a replacement for the Levy would work in order to
enable a full comparison between reform and replacement to be made.</p><p>Therefore,
as announced in the Autumn Statement, we will consult, early in 2015, on a Racing
Right and intend to announce a decision in the light of all three consultations.</p>
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