The Committee’s recommendations, submitted to the Board in early October 2013 amounted to a ‘rollover’ of the 52nd Levy Scheme applying an annual adjustment in line with RPI*, to the LBO threshold, the annual charge on racecourse bookmakers and the Flat Rate Rebate.
The Committee was however keen to stress to the Board the effect of the continuing high price of receiving televised pictures of live British horseracing in the Licensed Betting Office (LBO) estate and the trading difficulties faced by LBOs.
*Based on RPI of 3.1% on 31 July 2012.
The Committee’s recommendations were agreed unanimously by the Board on 23 October 2013.
