BHA opposes proposed UK horseracing betting tax rise to 21%
The British Horseracing Authority has launched a campaign against the UK government’s proposed increase in horseracing betting tax from 15% to 21%. Research commissioned by the BHA estimates the change could cost the industry £330m in revenue over five years, including £66m a year, and put 2,752 jobs at risk in the first year.
The proposed rate change could affect racing-sector revenue and employment, according to research commissioned by the BHA.