Government announced on 3rd March 2016 an aim to introduce new funding arrangements for British racing by April 2017. On 16th March 2016, Government published a document called “Implementing the replacement for the Horserace Betting Levy”. This can be found here.
The new Horserace Betting Levy Regulations, which came into force in April 2017, have been implemented successfully. The regulations can be found here.