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UK racing fixtures halt in protest against proposed gambling tax changes

Regulation

British horseracing bodies postponed all scheduled fixtures on 10 September to oppose the Treasury’s proposed gambling tax harmonisation, which could raise the betting tax rate to at least 21%. The British Horseracing Authority said the action followed its July campaign; the Betting and Gaming Council said it had not been consulted and criticised the decision.

The proposed tax could change betting operators’ tax burden on racing, while the fixture halt signals the sector’s opposition.

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UK Treasury says it has not announced a horse racing tax increase

UK Exchequer Secretary to the Treasury Dan Tomlinson said the government had not announced an increase in tax on horserace betting and had no plans to change the existing tax break for racecourse betting. Plumpton Racecourse director Thomas Savill warned that any increase would harm the industry, while the British Horseracing Authority said a proposed rise could cost £330 million over five years. The government said its wider gambling consultation aims to simplify the system and level the playing field.

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