The terms for the 51st Levy Scheme (1 April 2012 to 31 March 2013) were agreed on 31 October 2011.
A bookmaker’s 2012/13 Levy contribution is calculated by reference to the gross profit on British Horserace Betting Business (BHBB).
For off-course betting through Licensed Betting Offices (LBO) each LBO will pay 10.75% of its gross profits on BHBB. Operators with more than 100 LBOs will pay 10.75% of its gross profits on BHBB. For an operators 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 £52,500.
A Flat Rate Rebate of £400 for the first 30 LBOs in any chain and £185 for all other LBOs will be applied. This will be a sum deducted from the bookmaker’s 51st Levy Scheme liability during the year end reconciliation.
Internet and telephone platforms pay Levy at a flat percentage charge of 10.75% of their combined gross profit.
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 business is levied at 2.15% of gross profits.
The Levy for on-course betting is charged at a flat fee of £220. Bookmakers who conducted BHBB only on Point-to-Point and/or harness racing and/or trotting events paid a fixed contribution of £175.
The 51st 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 51st 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 51st Levy Scheme.