The Exchequer Secretary to the Treasury responds to the planned
strikes by the British horseracing industry over speculated tax
rises.
Exchequer Secretary to the Treasury, , said:
“The Chancellor has been clear that speculation on tax rises,
which is what this is, is not only inaccurate, but also
irresponsible. We have not announced an increase in the tax on
horserace betting, and racecourse betting currently gets a 100%
tax break which we have no plans to change.
"We know horseracing is part of the cultural fabric of the
country, that's why it's the only sector that benefits from a
government-mandated levy. Our wider gambling consultation is only
about levelling the playing field and simplifying the system, and
we are working closely with the industry to understand any
potential impacts."
Notes to editors
- The Chancellor makes tax policy decisions at fiscal events.
We do not comment on speculation around future changes to tax
policy.
The Exchequer Secretary to the Treasury responds to the planned
strikes by the British horseracing industry over speculated tax
rises.
Exchequer Secretary to the Treasury, , said:
“The Chancellor has been clear that speculation on tax rises,
which is what this is, is not only inaccurate, but also
irresponsible. We have not announced an increase in the tax on
horserace betting, and racecourse betting currently gets a 100%
tax break which we have no plans to change.
"We know horseracing is part of the cultural fabric of the
country, that's why it's the only sector that benefits from a
government-mandated levy. Our wider gambling consultation is only
about levelling the playing field and simplifying the system, and
we are working closely with the industry to understand any
potential impacts."
Contact Information
Notes to editors
- The Chancellor makes tax policy decisions at fiscal events.
We do not comment on speculation around future changes to tax
policy.
