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yesterday

British Racing Stages One-Day Blank Day to Pressure Treasury Over Betting Tax

Rescheduled race meetings will precede a Westminster campaign to underscore industry warnings over a Treasury plan that could raise betting duties from 15% to 21%.

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Further taxes will increase the already heavy shift towards black market

Overview

  • Four meetings at Carlisle, Lingfield, Uttoxeter and Kempton scheduled for September 10 have been cancelled and shifted to dates between September 8 and 15.
  • The British Horseracing Authority and major racecourse owners will stage a Westminster event on blank day to amplify their “Axe The Racing Tax” campaign.
  • Economic modelling commissioned by the BHA warns that aligning betting duties with online gaming at 21% could cost British racing up to £330 million over five years and put thousands of jobs at risk.
  • Organisers estimate the one-day blackout will cost the sport between £200,000 and £700,000 in lost revenue, media rights and levy contributions.
  • HM Treasury insists the consultation is aimed at simplifying online gambling taxation rather than setting rates and says it welcomes stakeholder views ahead of autumn budget decisions.