Jockey Club warns of Treasury ‘self-harm’ ahead of racing’s tax hike strike Sport Business The Jockey Club has warned that the government is “walking into self-harm” if it pushes ahead with a tax hike on racing bets as the industry prepares for an unprecedented strike tomorrow. For the first time in its modern history, racing has voluntarily shelved all meetings due to take place on Wednesday – at Lingfield, [...]
Tories: Reeves gambling tax hike raises risk of black market betting Sport Business The Conservatives have warned of a rise in black market betting if Labour levies a tax on gamblers to fill Treasury coffers. The Government is increasingly looking like it will need to find tax rises to announce at Chancellor Rachel Reeves’ autumn Budget, with punters on the front line to be hit hard by No11. [...]
Axe The Racing Tax: British Horseracing Authority launches petition Sport Business The British Horseracing Authority has called on the public to sign a petition urging the Government to “Axe The Racing Tax” and save the sport from a £330m hit. It comes as the BHA publishes independent research which estimates that the proposed tax increase would cost racing £66m a year and instantly jeopardise almost 3,000 [...]