British Racing Pushes Back Against Betting Tax Plan
The British Horseracing Authority (BHA) is calling on the industry to speak out against a proposed change to betting tax. The plan could raise the current 15% rate to match the higher casino tax, causing major financial losses for the sport.
Racing Faces £66 Million Loss
The BHA asked independent economists to study how a tax increase would affect racing. If the government raises the tax on horse racing bets from 15% to 21%, the sport may lose around £66 million each year. This money would disappear from three main areas.
First, the Horserace Betting Levy would bring in less funding. Second, media rights payments from betting companies would likely go down because fewer people would bet. Third, sponsors could pull back as the sport becomes less profitable. The BHA warns that this drop in income could hurt everyone involved—from major racecourses to small stables and trainers.
Impact on Jobs and Welfare
The BHA warns that thousands of jobs could be lost. Rural areas would suffer, and key horse welfare programs might lose funding. The tax change could hit more than just betting profits. The BHA has launched a campaign called “Axe the Racing Tax.” It encourages trainers, jockeys, fans, and media to contact MPs before July 21. Acting CEO Brant Dunshea said:
“From now until the Budget we will be hammering home a very simple message to MPs… It’s time for the Government to back British racing and axe the racing tax.”
Final Decision Coming in the Autumn
The UK government is now reviewing the feedback from its consultation on Remote Gambling Duty. Officials are considering whether to apply the same tax rate to betting and gaming. They plan to make the final decision during the autumn Budget. Exchequer Secretary James Murray said the Treasury understands the concerns raised by the racing industry.
He confirmed that the government will continue talks with racing stakeholders in the coming months. The BHA sees this time as a key opportunity to influence policy. It urges everyone in the sport to speak to their MPs before the Budget process is complete.