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.