{"id":43,"date":"2024-06-12T04:49:56","date_gmt":"2024-06-12T01:49:56","guid":{"rendered":"https:\/\/digits7promocode2024.icu\/2024\/06\/12\/uk-betting-operators-call-for-end-to-horse-racing-levy\/"},"modified":"2024-06-13T12:04:01","modified_gmt":"2024-06-13T09:04:01","slug":"uk-betting-operators-call-for-end-to-horse-racing-levy","status":"publish","type":"post","link":"https:\/\/digits7promocode2024.icu\/2024\/06\/12\/uk-betting-operators-call-for-end-to-horse-racing-levy\/","title":{"rendered":"UK Betting Operators Call for End to Horse Racing Levy"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/Lloo1f0Lmkk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>UK betting operators are seeking to eliminate the horse racing levy and establish a new commercial framework.<\/p>\n<p>The ABB is advocating for the gradual removal of the five-decade-old levy by 2014, substituting it with a voluntary model based on track fees. They contend that this would be advantageous for both racing and wagering, granting them greater influence over the racing schedule and fostering a more robust lineup of race days.<\/p>\n<p>To facilitate this transition, the ABB proposes a three-year period for both parties to engage in discussions and implement a lasting accord. They also recommend that the government incentivize the agreement by maintaining VAT exemption for betting. These points are articulated in a pre-Budget proposal submitted to the government.<\/p>\n<p>Dirk Vennix, Chief Executive of ABB, was unequivocal in his stance on the levy: &#8220;The time has come to discard this antiquated tax. It has served its purpose. It should be terminated by 2014.&#8221; He underscored the necessity for a contemporary strategy, stating, &#8220;We must redefine the relationship between racing and bookmakers for mutual benefit and establish a modern, commercial arrangement befitting the 21st century. We concur with racing that a new commercial agreement should be mutually beneficial.&#8221;<\/p>\n<p>The racing sector has already conveyed its willingness to engage in direct commercial discussions with bookmakers, aiming for a payment structure that is both equitable and enforceable. <\/p>\n<p>Broadly supported this action and are pleased to take the government&#8217;s offer. A fruitful discussion with the horse racing sector, we feel, would be a valuable chance to forge a workable operational plan for 2014. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK betting operators are seeking to eliminate the horse racing levy and establish a new commercial framework. The ABB is advocating for the gradual removal of the five-decade-old levy by 2014, substituting it with a voluntary model based on track fees. They contend that this would be advantageous for both racing and wagering, granting them [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Horse Racing Levy: UK Operators Push for Commercial Framework<\/title>\n<meta name=\"description\" content=\"Say goodbye to the old levy! UK betting operators are pushing for a new commercial framework for horse racing, advocating for track fees instead. 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