Horse Racing: Gambling
The question
To ask the Secretary of State for Culture, Media and Sport, what assessment she has made of the potential impact of aligning the 15% tax rate paid by bookmakers on racing with the 21% tax rate on online gaming on the horse racing industry.
Answered by Ian Murray
There has been ministerial engagement between my Department and His Majesty’s Treasury to ensure that they are aware of the specific way British horseracing is funded and the potential implications of any changes to taxation.
Future proposals on Gambling Duties are a matter for HMT, should legislative changes come about, we expect them to be accompanied by tax and impact notes from HMT, as is standard practice.
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