The Horserace Betting Levy Schemes (Variation of Settlement Period) Order 1981
The levy payable by bookmakers to the Horserace Betting Levy Board is regulated by a scheme settled annually by the Board with the agreement of the Bookmakers' Committee or, in default of agreement, by the Secretary of State. The levy period begins with 1st April each year. Section 1(2) of the Horserace Betting Levy Act 1969 (as amended by the Horserace Betting Levy Schemes (Variation of Settlement Period) Order 1978) provides for the Secretary of State to be informed, and for him to determine the scheme, if the recommendations of the Bookmakers' Committee have not been approved by the Board eight months before the beginning of the levy period. This Order reduces the period of eight months to five months. The effect of the Order is that section 1(2) of the 1969 Act will come into play on 1st November in any year, instead of on 1st August, in relation to a scheme for the year following.