1. cal
  2. Current rule
The Orders and Rules of Racing

PART 7 - PRIZES AND SETTLING OF ACCOUNTS - (F)115 to (F)131


118. Distribution of prize money

118.1 Subject to Rules 119 to 122, the Prize Money shall be paid over by the Stakeholder in accordance with the provisions of Schedule 9.
118.2 Where a horse is trained privately (see Rule 152.3), any payment which Schedule 9 provides should be made to the Trainer or the stable shall instead be made to the Owner.
118.3 Where an Owner is registered for VAT under Rule (A)100 (VAT registration scheme), VAT shall be added to the amount of Prize Money due to the Owner, but excluding stakes, forfeits, fees due at confirmation of entry and supplementary entry fees.
118.4 Where a horse is trained outside Great Britain, a deduction of 2% payable to the Trainers Benevolent Fund will be made from the percentage paid to the Trainer under Schedule 9.