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British Horseracing to Strike on September 10 Over Betting Tax Plans

The protest seeks to influence the chancellor’s autumn budget decision by spotlighting projected revenue losses from proposed duty harmonisation.

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Further taxes will increase the already heavy shift towards black market

Overview

  • Four meetings at Carlisle, Uttoxeter, Lingfield and Kempton will be cancelled on September 10 and have been rescheduled to alternative dates in early and mid-September.
  • The British Horseracing Authority, The Jockey Club and Arena Racing Company jointly organised the unprecedented one-day blackout to oppose HM Treasury’s consultation on aligning remote gambling duties.
  • Industry modelling commissioned by the BHA warns that raising the duty on racing bets from 15% to 21% could cost the sport £330 million in five years and put about 2,750 jobs at risk in the first year.
  • The one-day strike is expected to cost roughly £700,000 in lost media rights and levy income as meetings are moved to other dates.
  • HM Treasury says the exercise is aimed at simplifying online betting taxes and will consider stakeholder responses with a mid-October briefing ahead of the autumn budget.