StumbleUpon UK Racing pushes for drastic levy reforms as deep recession looms August 25, 2020 Submit Share Unibet backs #GoRacingGreen as lead racing charity July 28, 2020 Julie Harrington takes the reins as BHA CEO August 11, 2020 Share Related Articles The governance of the British Horseracing Authority (BHA) has stated that the snap UK General Election will not delay the introduction of UK racing’s central funding levy system.Last week Nick Rust Chief Executive of the BHA, confirmed that the Levy system had been approved by the European Commission, clearing a final hurdle for racing stakeholders.“With the final, outstanding approval now secured from the European Commission, it marks one of the last few steps in the process of securing a fair return from all betting on our sport,” commented Nick RustHaving been approved by the EC as a fair taxation practice, the new levy system will be forwarded to the UK Department for Culture, Media and Sport (DCMS) to sign into law.Once processed, the UK government will confirm to the betting industry the official date in which the levy becomes effective, with racing governance detailing that provisions will be passed by H1 2017.The central levy system will tax a 10% levy charge on UK racing gross profits from remote operator markets, which will be applied to all bookmakers that generate £500,000 in racing bets.UK racing stakeholders expect the ‘Levy 2017’ to generate approximately an extra £30-40 million for the sports funding. read more
Community Election candidate, Peter Cutliffe has expressed his sorrow at the manner in which he claims long-serving Fianna Fáil Councillor, Victor Fisher has been treated by his party.Peter CutliffeMr Cutliffe says that as a fellow businessman in Letterkenny, he has known Cllr Fisher for over 40 years.“In that time he has been a loyal servant to both Letterkenny and the Fianna Fáil party. In his own words, Cllr Fisher “wasn’t even considered ” by his own party in the selection process for the upcoming Council elections. “I have had several dealings with Cllr Fisher over the years and above all else, Victor is a gentleman and deserves better,” said Mr. Cutliffe.And he added “I believe that townspeople will be further disillusioned with politics and at the manner in which Cllr Fisher was treated. In my opinion, he is justified at being very annoyed.“In my opinion, this sequence of events only compounds my belief that the party-system does not truly reflect the feelings of the ordinary voter on the ground.”In conclusion, Mr Cutliffe wished Cllr Fisher the best of luck in whichever directions he chooses to proceed. PEOPLE WILL BE DISILLUSIONED WITH PARTY POLITICS AFTER FISHER AFFAIR – CUTLIFFE was last modified: March 22nd, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Peter CutliffeVictor Fisher read more