Questions & Answers
Q1
Partial Answer
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Context
The question addresses the impact of UK tax policies on racehorse movements between the UK, Ireland, and France. The racing industry has provided proposals to HMRC regarding VAT arrangements.
What recent discussions have had with the Chancellor on the effect of Government's tax policies on racehorses moving between the UK, Ireland, and France; and if a statement will be made?
The Government recognise the racing industry's contribution to culture and economy. The Treasury is considering proposals regarding VAT arrangements from the racing industry at present.
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Assessment & feedback
Did not confirm any specific action or timeline for correcting the VAT anomaly.
Actively Considering
Response accuracy
Q2
Partial Answer
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Context
The racing industry has provided proposals to HMRC regarding VAT arrangements. There is an anomaly where owners of racehorses coming to the UK for racing must deposit a security returnable on exit, whereas those classified as work purposes do not.
Given that correcting this anomaly would cost nothing and help cash flow and reduce administrative burden, will continue speaking to Treasury with view to correcting it?
My hon. Friend's clear articulation of the issue is appreciated; will certainly convey it to Treasury colleagues currently considering the matter.
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Assessment & feedback
Did not provide a specific commitment or timeline for correcting the anomaly.
Conveying
Considering
Response accuracy
Q3
Partial Answer
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Context
The Northern Ireland protocol complicates the movement of racehorses and imposes significant challenges on communities, particularly affecting the horse-racing industry.
How constituents in Strangford and Northern Ireland involved in the racehorse industry can navigate the bureaucratic hurdles imposed by the protocol?
Government is aware of challenges posed by application of the Northern Ireland protocol to horse-racing industry; colleagues across Government are working hard to address problems, with updates provided regularly.
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Assessment & feedback
Did not provide specific actions or timelines for assistance to constituents in navigating bureaucratic hurdles.
Working Hard
Providing Updates
Response accuracy
Q4
Partial Answer
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Context
The racehorse industry faces challenges such as low prize money leading to fewer runners, with many horses running overseas instead of in the UK. The VAT system is seen as an anomaly for racehorses.
Will ensure that the horserace betting levy is increased and reformed far sooner than currently proposed; need to support the industry facing significant challenges?
Appreciated powerful representations about reviewing the levy earlier than planned; this is being actively considered by Treasury colleagues.
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Assessment & feedback
Did not provide a specific commitment or timeline for accelerating reforms of the horserace betting levy.
Actively Considering
Response accuracy