Lord Charles Allen, the chair of the British Horseracing Authority, paid tribute on Wednesday to “everyone who has played their part across the sport” following the budget announcement by the chancellor, Rachel Reeves, that the rate of duty for betting on horse racing will remain unchanged at 15%.
Confirmation that racing would be exempt from tax hikes on online casino gaming as well as betting on football and other sports follows a seven-month campaign under the slogan “Axe The Racing Tax”, which initially launched in response to a Treasury proposal to “harmonise” the duty paid on both betting and gaming at a single rate.
Instead, the chancellor opted for a new regime on gambling duty with a focus on online games of chance, which are associated with significantly higher r
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