Racetrack Tax Protest Explained: Timing, Reasons, and Participating Venues
British Horse Racing Stages One-Day Strike in Protest Against Proposed Betting Tax Rise
In a historic move, the British horse racing industry staged a one-day strike on September 10, 2021, to voice their opposition against the UK Government's proposed tax increase on horserace betting. The strike, which involved the cancellation of meetings at four racecourses, was a bold statement against the controversial tax changes that the industry deems harmful to its future [1][2][3].
The racing industry's response to the Treasury's plans has been one of strong opposition. British Racing, the governing body of the sport, took the unprecedented decision to strike, signalling the severity of their concerns regarding the financial impact of higher betting taxes. However, the betting trade body has criticised the strike as "futile," suggesting disagreement on the protest's effectiveness within sectors connected to betting [1].
Senior leaders from the racing industry are set to meet with politicians in Westminster to discuss these concerns. Their aim is to emphasise the industry's fears about the tax proposals to the government, politicians, media, and public. The proposed tax increases could lead to thousands of job losses and a staggering £330 million in lost revenue for the racing industry [4].
Those working in the racing industry who wish to support the campaign against the tax proposals can do so by signing a petition, supporting and reposting content on the BHA's social media channels, and contacting their MP. More information on how to support the campaign can be found online [5]. Racing TV has also provided a template letter for contacting local MPs about concerns over the 'racing tax'. The letter can be accessed online [6].
It's important to note that this is an unprecedented one-off strike by the racing industry, with no further strikes currently planned. However, if the 'racing tax' is implemented, punters may either foot the bill or move to the black market to avoid it [7].
For those who wish to learn more about the campaign or offer their support, more information can be found online. The racing industry urges everyone who values the sport to stand with them in this fight for a sustainable future.
The racing industry's opposition to the tax increase on horserace betting extends to the sports-betting sector, as they believe the proposals could lead to significant financial losses and job losses. In response to the strike, the betting trade body disagreed with the effectiveness of the protest but acknowledged the industry's concerns about the tax changes, highlighting the potential shift of punters to the black market to avoid increased taxes.
