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100342
registered interest false more like this
date less than 2014-10-22more like thismore than 2014-10-22
answering body
Department for Culture Media and Sport more like this
answering dept id 10 more like this
answering dept short name Culture, Media and Sport more like this
answering dept sort name Culture, Media and Sport more like this
hansard heading Horse Racing: Betting more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Culture, Media and Sport, what recent estimate he has made of the net annual financial benefit to British racing of extending the Horserace Betting Levy to overseas operators; and if he will make a statement. more like this
tabling member constituency Tewkesbury more like this
tabling member printed
Mr Laurence Robertson more like this
uin 211501 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2014-10-27
answer text <p>Offshore remote betting operations have not hitherto been licensed by the Gambling Commission. This means there is currently no centrally collected and publicly available comprehensive dataset of offshore remote operator profits on which to base an estimate. This will change once the Gambling (Licensing and Advertising) Act comes into force on 1 November. We expect the Gambling Commission will be including data from remote offshore operators in their <em>Industry Statistics</em> from 2015.</p><p> </p><p>In the Government’s recent consultation <em>Extending the Horserace Betting Levy</em>, we noted that any estimates of potential additional yield extrapolated from published information such as some company accounts would necessarily be “best guesses” and could only be indicative, not least because the remote gambling market is growing very quickly. We said that the range of “best guesses” ran from £10m to £30m p.a. and sought estimates of potential additional levy yield from respondents assuming the rate of collection remained at 10.75%. Such estimates as were received in consultation responses generally fell within that bracket. The government will be publishing its response to the consultation in due course.</p><p> </p>
answering member constituency Maidstone and The Weald more like this
answering member printed Mrs Helen Grant more like this
question first answered
less than 2014-10-27T12:28:38.5756918Zmore like thismore than 2014-10-27T12:28:38.5756918Z
answering member
4018
label Biography information for Mrs Helen Grant more like this
tabling member
253
label Biography information for Mr Laurence Robertson remove filter