Turf good, grassroots bad: Budget spares horse racing but divides sport Sport Business Horse racing chiefs have welcomed the Chancellor’s decision to afford it an exemption from major increases in gambling taxes announced in today’s Budget. While tax on remote gaming will jump to 40 per cent from April and remote sports betting from 15 to 25 per cent in 2027, duty on horse racing wagers has been [...]
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 [...]