Horse Racing avoids betting duty tax hike in Budget
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Fears of a marked rise in betting duty on racing have been allayed in the Budget announced by Chancellor Rachel Reeves, although tax on other forms of gambling will be increased.
Tax on horse racing bets, both in shops and online, will remain unchanged at 15 per cent, news which comes following a campaign against the idea of harmonising gambling duties.
Such had been the concerns within the racing industry of the impact of gambling tax rises that an unprecedented day of strike action was held on September 10.
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