{"id":12600,"date":"2025-07-04T13:19:33","date_gmt":"2025-07-04T13:19:33","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=europe&#038;p=12600"},"modified":"2025-07-04T13:19:33","modified_gmt":"2025-07-04T13:19:33","slug":"racing-chiefs-in-uproar-over-looming-betting-duty-hike","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/racing-chiefs-in-uproar-over-looming-betting-duty-hike\/","title":{"rendered":"Racing chiefs in uproar over looming betting duty hike"},"content":{"rendered":"\n<p>The <strong>British Horseracing Authority (BHA)<\/strong> has launched a sharp-edged campaign urging the government to <strong>scrap plans for a punitive tax hike<\/strong> on betting firms \u2014 warning the move could gut the financial lifeblood of the UK\u2019s racing industry.<\/p>\n\n\n\n<p>Under proposed changes to remote gambling duty, bookmakers could soon face a flat tax rate across all products, potentially rising from 15% to 21% or more. Racing bosses fear such a shift would deal a <strong>\u00a366 million blow<\/strong> to the sport\u2019s annual income, hitting levy returns, sponsorship deals and media rights revenue.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>BHA leadership is calling on industry stakeholders, MPs and racing fans to lobby the Treasury ahead of the public consultation\u2019s closing date on <strong>21 July<\/strong>. The message is clear: racing is not just another betting product. A one-size-fits-all tax approach risks pushing the sport to the brink.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/uk-bookmakers-to-donate-britannia-stakes-profits-on-june-19-to-charity\/\" target=\"_blank\" rel=\"noreferrer noopener\"><u>UK bookmakers to donate Britannia Stakes profits on June\u202f19 to charity<\/u><\/a><\/p>\n\n\n\n<p>Projections suggest that if the rate rises to <strong>25\u201330%<\/strong>, losses could surge to <strong>\u00a397\u2013\u00a3126 million<\/strong>. A 40% tax scenario would devastate the ecosystem entirely, triggering up to <strong>\u00a3160 million<\/strong> in lost funding and placing countless rural racecourses at risk of closure.<\/p>\n\n\n\n<p>The BHA has warned of <strong>knock-on effects across the jobs market<\/strong>, from trainers and stable hands to hospitality workers and media crews. With over 60 racecourses across the UK, many embedded in local economies, the threat is real \u2014 and time is running out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BHA warns of major funding crisis if remote betting duty rises. Industry rallies ahead of July deadline to stop sweeping tax reform.<\/p>\n","protected":false},"author":1,"featured_media":12601,"menu_order":99,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[3184,3149],"class_list":{"0":"post-12600","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-europe","8":"tag-uk","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Racing chiefs in uproar over looming betting duty hike - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"BHA warns of major funding crisis if remote betting duty rises. 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