Oral Answers to Questions Debate
Full Debate: Read Full DebateLaurence Robertson
Main Page: Laurence Robertson (Conservative - Tewkesbury)Department Debates - View all Laurence Robertson's debates with the Department for Digital, Culture, Media & Sport
(2 years, 6 months ago)
Commons ChamberI thank my hon. Friend for his question and pay tribute to his tireless work campaigning on behalf of the horse-racing industry. The Government recognise the contribution that racing makes to our sporting culture and to the rural economy. We equally understand the critical importance of being able to move racehorses across international borders. We are aware that the industry has provided proposals to HMRC and the Treasury regarding the VAT arrangements, and I can tell the House that the Treasury is actively considering those proposals at the moment.
I thank the Minister for that encouraging answer. As he knows, the owners of racehorses coming to this country to race have to deposit a VAT-equivalent security, returnable when they leave, whereas the owners of horses coming to this country for what are classified as work purposes do not. Given that it would not cost the Exchequer anything to correct this anomaly, and that it would help cash flow and reduce the administrative burden on racehorse owners, I hope that the Minister will continue to speak to the Treasury with a view to correcting it.
I thank my hon. Friend for his clear articulation of the issue and his powerful expression of it. I will certainly convey that to Treasury colleagues who are currently considering the matter.