The horse racing industry is set to go on strike tomorrow to protest against Government proposals to raise the betting tax on racing.
Ahead of her November budget, Chancellor Rachel Reeves is said to be considering harmonising tax on gambling online into a single rate. This would increase the 15% tax paid by bookmakers on racing bets online to the 21% paid by online casinos and games.
The British Horse Racing Authority (BHA) has forecasts claiming more than 2,750 jobs will be at risk in the first year if the policy is pursued – with a £330m revenue hit in five years.
Read more: https://news.sky.com/story/why-british-horse-racing-is-set-to-take-unprecedented-action-with-clear-message-to-the-chancellor-13427382
#horseracing #strike #tax #gambling #uknews #skynews
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