The British Horseracing Authority (BHA) has reiterated its firm stance on the widely debated proposed changes to the remote gambling tax, warning that plans of harmonization could create a severe financial threat to the sport.
In submitting its response to HM Treasury’s consultation on the reform of remote gambling duties ahead of the 21 July deadline, the BHA has called for a dedicated lower tax rate on bets placed on horseracing, citing the sport’s historic and financial dependence on gambling revenues.
Under the proposed changes, all remote gambling products would be taxed at a single, standardized rate using the POC model.
