The Racing Pod: Fears over the online betting levy

Available for over a year

A single betting duty, rather than the current three-tiered tax system, has been proposed by the Government, alongside stricter affordability checks. Trevor Owens & Bryony Harris hear how stakeholders in the racing industry fear changes could negatively affect a sport that has the second highest spectatorship after football in the UK Greg Swift from British Horseracing Authority shares concerns that if levies are increased too much, the betting industry could be driven underground. The Treasury said after reviewing the current tax structure, it believes ‘there is no longer a strong rationale to maintain’ the different betting tax distinctions.