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BHA suspends four UK race meetings in tax protest

Regulation

The British Horseracing Authority suspended four UK race meetings on 10 September, reportedly as part of a protest against a proposed increase in betting tax. The proposal would raise the rate on horse racing and sports betting from 15% to 21%; the BHA said its campaign petition had received more than 12,000 signatures.

The proposed tax rate change could affect the tax burden on UK racing and sports betting operators.

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BHA urges Treasury to set lower betting tax rate for racing

The British Horseracing Authority submitted a response to HM Treasury’s remote gambling duty consultation, calling for racing bets to face a lower tax rate than other forms of gambling. The BHA said harmonisation could cost racing at least £66m a year and up to £160m in a worst-case scenario. Ministers are expected to decide on the proposals ahead of the Autumn Budget in October.

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