The British Horseracing Authority (BHA) is calling for a new tax rate to protect the future of racing as the Treasury’s consultation on gambling duties intensifies. The BHA is concerned that the new unified tax rate proposed by the government could harm the racing sector by imposing an unfair tax burden.
Currently, racing bets are taxed differently than other forms of gambling, but under the new proposal, it could face a tax rate similar to online gaming, which could result in losses of up to £160 million annually. This would impact jobs, communities, and equine welfare in Britain.
The BHA is urging the government to recognize the unique relationship between horseracing and betting and is caIs mpaigning for a lower tax rate specifically for the racing industry. The organization, backed by major stakeholders in the sport, is pushing for a fairer tax structure to ensure the continued success of British racing.
The future of British racing depends on a balanced approach that protects jobs, ensures sustainable revenue, and allows the sport to thrive in a competitive market.
