The terms of the 53rd Levy Scheme (1 April 2014 to 31 March 2015) were agreed on 23 October 2013.
A bookmaker's 2014/15 Levy contribution is calculated by reference to the gross profit on British Horserace Betting Business (BHBB).
For off-course betting through Licensed Betting Offices (LBOs) where the Operator has more than 100 LBOs a flat percentage charge of 10.75% applies. For an operator with 100 or fewer LBOs, an abated rate will apply to those of its LBOs (up to a maximum of 30) which have gross profits on BHBB of less than £55,860. A Flat Rate Rebate of £758 for the first 30 LBOs in any chain and £191 for all other LBOs will be applied.
Internet and telephone betting operations are charged at a flat percentage of 10.75% without abatement.
The Levy payable by bet-brokers, including betting exchanges, is charged on a basis equivalent to 10.75% of their gross profits, defined as gross commission on BHBB deducted from the winnings paid out to bettors and bet-takers. Spread betting BHBB is charged at 2.15% of gross profits.
The levy for on-course betting is charged at a flat fee of £234. Bookmakers who conducted BHBB on Point-to-Point and/or Harness Racing and/or trotting events will pay a fixed contribution of £187.
The 53rd Levy Scheme is available here.
Contributions from the successor company to the Horserace Totalisator Board
The Levy Board agreed that the contribution by the successor company to the Horserace Totalisator Board in respect of the 53rd Levy period should be determined on the basis that the successor company will contribute, in respect of Tote odds horseracing business, as if it were a bookmaker for the purposes of the 53rd Levy Scheme.