google-site-verification: googlec7193c3de77668c9.html

Horse races cancelled in protest against proposed betting tax rise

Advertisements

British horse racing will go on strike on 10 September, taking the unprecedented action of refusing to race in protest against the Government’s proposed tax rise on betting on the sport.

As part of its industry-wide Axe The Racing Tax campaign, four fixtures scheduled for that day at Lingfield Park, Carlisle, Uttoxeter and Kempton Park have been rearranged by the British Horseracing Authority.

It is the first time the sport has voluntarily refused to race in its modern history.

The governing body is campaigning against the Treasury’s proposal to introduce a single remote gambling tax, which would increase the 15% tax rate paid by bookmakers on racing and aligning it with online gaming, which is currently taxed at 21%.

The BHA says this would have a “destructive impact” on the industry with its economic analysis predicting an estimated £330m loss in revenue and putting 2,752 jobs at risk in the first year alone.

BBC Sport has contacted the Department for Culture, Media and Sport for comment.

Chancellor of the exchequer Rachel Reeves’s autumn budget in October is expected to bring tax rises.

Brant Dunshea, chief executive at the British Horseracing Authority, said the proposals “threaten the very future” of the sport.

Race meetings in Britain take place 363 days a year, unless called off for adverse weather, equine virus outbreaks and national crises such as the Covid-19 pandemic.

The strike takes place the day before the start of the four-day St Leger festival at Doncaster Racecourse.

“British Racing is already in a precarious financial position and research has shown that a tax rise on racing could be catastrophic for the sport and the thousands of jobs that rely on it in towns and communities across the country,” added Dunshea.

“This is the first time that British Racing has chosen not to race due to Government proposals. We haven’t taken this decision lightly but in doing so we are urging the Government to rethink this tax proposal to protect the future of our sport which is a cherished part of Britain’s heritage and culture.”


BBC News

Views: 4

See also  Crews remain at Groundwell Industrial Estate

Check Also

The Prem: Saracens 30-14 Gloucester: Saracens surge towards top four with fourth straight win

Saracens: Malins; Caluori, Tompkins, Hartley, Segun; Burke, Bracken; Carre, George, Street; Itoje (c), Isiekwe, McFarland, …

Mohamed Salah & Arne Slot: Liverpool unrest continues as Xabi Alonso chooses Chelsea

Mohamed Salah’s latest unprompted public outburst will ratchet up the pressure on struggling Liverpool head …

Italian Open: Elina Svitolina stuns Coco Gauff to win thrilling final

Ukraine’s Elina Svitolina battled to a third Italian Open title following a thrilling three-set win …

Leave a Reply

Available for Amazon Prime
Get my ad bar.