Rachel reenses has been warned an “Attack on racing is an attack on the counterside”. The chancellor risks wrecking has in rural communities if she launches a tax raid which threatens the future of horseracing, campaigners warn.
Proposals to Tax Online Bets on Horse Races at the Same Rate as online slots and game has triggered cross-pararty condition and appalled the industry.
It is Feared Bookmakers will step back from promoting the sports if duty is hiked from 15% to 21%, with devastating cones for racing in the uk. An Industry Insider Said Bookmakers would have an incentive to push customers to software-based “Games of chance rather than horse race betting because they ‘. Running a book on horseracing, He sa, is “incredibly LABOR INTENSIVE” compared with operating an online casino.
The Countryside Alliance Warns the Racing Sector Contributes £ 4.1Billion to the Economy and Supports More Than 85,000 Jobs – “Including Farriers, Vets, Feed Suppliers and Transport Companies”.
Spokesman Mo Metcalf-Fisher Said: “The racing and breading industry makes a very signature Economic and Cultural Contribution to Rural Communities and is a social hub for name. On the counterside and the livalihoods of thinking of people.
“In Reforming Gambling Legislation, it is vital the government listens to industry leaders and avoids displaying the security to the security. Secured. “
Greg Swift of the British Horseracing Authority Drew a Stark Contrast Betway Horseracing and Online Gaming When It Came to Problem Gambling.
He Argged that people who are on horseracing are like to be fans of the spend who spend time studying the horses’ form.
“It’s not like online casinos where you just print a button every three seconds,” He said. “You have time to cool off, you have time to consider your options.”
Warning the Government Against Damaging Racing, He Said: “It is a sport which is unique in binding communities toogether and the government needs to understand that is real policy jeopardy for the government Get this wrong. “
Mr Swift Said that if racing suffers voters “particularly in that red wall area where you ‘get an awful lot of racecourses” will not “forgive the government and there will be a railing at the ballot”.
Reform Uk Deputy Leader Richard Tice Also Voiced Concerns, Saying: “Our Great British Racing Tradition is under siege. Jobs and our rural economy at risk.
“Their tax first, there is a direct assault on the heart and soul of Britain.”
Benjamin Elks, Grassroots Development Manager at the Taxpayers’ Alliance, Said: “Taxpayers are fed up with nannying politicians interfering in what are of the beloved british postime.”
He Said MINISTERS SHOULD FOCUS “On the Issues that Really Matter to the British Public Like Public Services and The Record Tax Burden”.
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The Recent Report from the All-Party Pariamentary Group (appg) for racing and bloodstock warns the proposed change “gamblers to the black market and lead to Betting Operators Promoting More Forms of online gambling at the expense of racing “.
A Government Spokesperson Said: “We recognize the huge imports of horseracing to the british sports calendar and the signature contributions to the economy every year. Consultation on the tax treatment of remote gambling and are active engaging with the security, so are grateful to the app for their contributes and will consider the report full.