SectorWire
SearchRegister
MenuClose

British Horseracing Authority denies coordinating with anti-gambling groups

Regulation

The British Horseracing Authority denied working closely with anti-gambling groups during debate over proposed UK gambling tax changes. It said it attended one Social Market Foundation roundtable in the spring to present racing’s views on Treasury proposals, and said its campaign seeks a lower tax rate for horseracing.

The dispute concerns whether racing’s tax campaign is aligned with groups supporting higher gambling taxes.

Request a correction

Flag an issue

Keep reading

Regulation

UK Treasury reportedly considers gambling tax increases ahead of budget

The UK Treasury is reportedly considering higher gambling taxes as it seeks options to raise revenue ahead of a budget. The report says Chancellor Rachel Reeves needs to raise up to £30bn without increasing income tax, VAT or employee national insurance; the form of any gambling tax change remains unknown. The industry is also facing a separate proposal to combine three betting duties, currently ranging from 15% to 21%.

Continue reading