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Jockeys, trainers and owners are protesting in London against a proposed new 21% betting tax rate.
Racehorse trainers across the East of England fear any betting tax hike could prove "crippling" for the industry if introduced. The British horseracing industry has gone on strike on Wednesday as a protest against the government's proposed 21% tax rate for horseracing bets.The British Horseracing Authority previously warned that its research into the potential tax hike could cost the sport £330m over five years and threaten nearly 3,000 jobs in the first year."The government needs to try and help the industry instead of crippling it – it would be better if they dropped the tax rather than increase it," he said. "If things do not improve a lot of small trainers will have to pack up because they just will not be able to afford to keep going. "It will cause a lot of jobs to be lost and a loss of money." Horseracing is the second-biggest spectator sport in Britain behind football, and it has been claimed the tax increase could lead to less promotion and sponsorship.The government said it was "working with the industry to understand any potential impacts", but trainers and horse owners say those could be "devastating".
Tax is a 9 year old gelding that was born in 2016 and raced from 2018 to 2023. He was sired by Arch out of the Giant's Causeway mare Toll. He was trained by Danny Gargan and raced for Hugh Lynch, Corms Racing Stable, R. A. Hill Stable, and was bred in Kentucky, United States by Claiborne Farm ...
This week on HorseCenter , co-hosts Brian Zipse an... 'Improved' Tax eyes Travers, Pennsylvania Derby doubleTax edges Tacitus in Jim Dandy, winning Travers Stakes prep · Regardless of who ultimately ships in for the Aug.... ... This week on HorseCenter , co-hosts Brian Zipse an...Horseshoe Indianapolis doesn’t get a lot of attent...Tax is a 9 year old gelding that was born in 2016 and raced from 2018 to 2023. He was sired by Arch out of the Giant's Causeway mare Toll. He was trained by Danny Gargan and raced for Hugh Lynch, Corms Racing Stable, R. A. Hill Stable, and was bred in Kentucky, United States by Claiborne Farm & Adele B.
Horse racing in Britain came to a standstill today (Wednesday) as the industry suspended all scheduled meetings in protest against the government’s proposal to raise betting taxes. Fixtures at racecourses Carlisle, Kempton, Lingfield and Uttoxeter were cancelled, with organisers estimating ...
Horse racing in Britain came to a standstill today (Wednesday) as the industry suspended all scheduled meetings in protest against the government’s proposal to raise betting taxes. Fixtures at racecourses Carlisle, Kempton, Lingfield and Uttoxeter were cancelled, with organisers estimating a financial loss of around £200,000 for the day.At present, betting on racing is taxed at 15 per cent, alongside a 10 per cent statutory levy on bookmakers’ gross profits, resulting in an overall effective rate of 25 per cent. The proposal would align this with the 21 per cent rate applicable to casinos and slot machines, effectively raising the rate on racing by six percentage points. The British Horseracing Authority has warned that such a move could cost the industry between £66 million and £160 million annually and threaten thousands of jobs.The debate in Britain comes at a time when horse racing in India is also facing the impact of higher taxes. Effective September 22, the Goods and Services Tax on horse racing has been raised to 40 per cent, up from the earlier rate of 28 per cent. The government placed horse racing in the highest bracket applicable to sin goods.The strike was intended to highlight concerns over the Treasury’s plan to increase gambling taxes.
Trainers and jockeys from all levels of the sport were among the turf’s great and good who downed tools over fears of rising duty rates
Horse racing · Trainers and jockeys from all levels of the sport were among the turf’s great and good who downed tools over fears of rising duty rates · Greg Wood at the Queen Elizabeth II Centre · Wed 10 Sep 2025 13.49 EDTLast modified on Wed 10 Sep 2025 17.03 EDT · Share · The Queen Elizabeth II Centre was presumably chosen as the venue for racing’s Axe The Racing Tax event in London on Wednesday as it is just the briefest of canters from the seat of power in Westminster, but it felt like a nod of respect too towards the most famous fan that the sport in Britain is ever likely to have.The proposal to “harmonise” the duty rates for gambling was first floated in the dog days of Rishi Sunak’s premiership, but it survived the transition to the new Labour government and would, according to the British Horseracing Authority’s calculations, cost the sport at least £65m annually.Doncaster 4.10 Jeddaal was beaten at odds-on last time out but finished nearly eight lengths in front of the third horse home and posted a useful time in the process.Oisin Murphy, the current champion on the Flat, and Hollie Doyle, the sport’s most successful female rider, were among the jockeys posing in “Axe the Racing Tax” silks in the shadow of Big Ben for a photo opportunity to kick off the day’s proceedings.
Jim Mulvihill NTRA Press Conference on pari-mutuel tax law changes. yearling sale at Keeneland. Sept. 26, 2017 in Lexington, Kentucky. Anne M. Eberhardt ... R. A. Hill Stable and Gargan, Danny · Claiborne Farm & Adele B. Dilschneider ... No auction history found.
Jim Mulvihill NTRA Press Conference on pari-mutuel tax law changes. yearling sale at Keeneland. Sept. 26, 2017 in Lexington, Kentucky. Anne M. Eberhardt ... R. A. Hill Stable and Gargan, Danny · Claiborne Farm & Adele B. Dilschneider ... No auction history found. Regardless of form, the collective ownership offered by racing partnerships permits individuals to participate in horse ownership by buying a fraction of a horse, therefore significantly reducing required investment and risk.Caption: Wagering images for stock and current stories on tax changes in horse industry. Sept. 27, 2017 in Lexington, Kentucky.Wagering images for stock and current stories on tax changes in horse industry Sept. 27, 2017 in Lexington, Kentucky.Tax with Kendrick Carmouche win The 2nd Running of The Battery Park Stakes at Delaware Park on July 9, 2022 Chad B.
The industry is demonstrating its ... three-tax structure on online gambling duties could be consolidated into a single levy. A significant concern is that the existing 15 per cent duty on racing could be raised to 21 per cent, mirroring the rate applied to games of chance, which would severely impact the sport's financial stability. Brant Dunshea, acting chief executive of the British Horseracing Authority ...
The industry is demonstrating its opposition to suggestions that the current three-tax structure on online gambling duties could be consolidated into a single levy. A significant concern is that the existing 15 per cent duty on racing could be raised to 21 per cent, mirroring the rate applied to games of chance, which would severely impact the sport's financial stability. Brant Dunshea, acting chief executive of the British Horseracing Authority (BHA), emphasised the importance of this collective action, stating he "feels it is important for the sport to make a united stand."The strike announcement has come as part of British racing’s ‘Axe the Racing Tax’ campaign, which is urging the Government to rethink the Treasury’s proposal to bring existing online betting duties into one single rate. ... Economic analysis commissioned by the British Horseracing Authority has shown that aligning the current tax rate paid by bookmakers on racing with that of online games of chance could see a £330 million revenue hit to the industry in the first five years, putting 2,752 jobs at risk in the first year alone.British horse racing is set to grind to a halt on Wednesday in an unprecedented protest against proposed changes to betting taxes.Bookmakers currently pay 15 per cent tax on racing bets, but as they also pay into the Levy – at a rate of 10 per cent of all gross profits on racing betting – it is effectively a 25 per cent tax before any proposed rise.
British horse racing is staging a one-day strike in protest against a proposed tax rise.
This could increase the 15% tax rate paid by bookmakers on racing and align it with online gaming, such as casino and slot games, which is currently taxed at 21%. Trainers and racers in Lambourn, Berkshire - where, according to data from 2019, 30% of local jobs are connected to the sport - said they feared it would stop people following horse racing, and lose them income.Horse racing could be in "major trouble" if it was taxed the same as online gambling, a jockey has warned.British horse racing is staging a one-day strike today in protest against the government's proposed tax rise on betting on the sport."I really hope government realise that if horse racing isn't treated in a different way to other betting facilities and sports, [it] is going to be in major trouble," he said. Charlie Hills, a racehorse trainer in Lambourn, said most of the sport's income came from betting. He said in Lambourn, a tax rise could have "a domino effect" on other connected industries, such as hospitality.
LONDON - Jockeys in white silks lined up outside parliament in central London on Wednesday, the first protest by the racing industry as it fights against a government proposal which could see taxes on online horse racing bets increased. Read more at straitstimes.com.
LONDON - Jockeys in white silks lined up outside parliament in central London on Wednesday, the first protest by the racing industry as it fights against a government proposal which could see taxes on online horse racing bets increased. Read more at straitstimes.com. Read more at straitstimes.com.Britain's government said its wider review was aimed at "levelling the playing field and simplifying the system" and that it had "no plans" to change a current tax exemption for bets placed at racecourses. Horse racing in Britain is heavily reliant on funding from the betting industry, which contributes over 350 million pounds to the sport annually.The industry is calling on the government to consider a separate, lower tax rate for racing because the sport's cultural and economic importance. Racing employs some 85,000 people and contributes over 4 billion pounds annually to the economy, the British Horseracing Authority says."We're already under a lot of pressure," he said. "I think if the tax were to come in, it would just make it impossible for our sport to survive."
With racing staging its first voluntary ... Racing Tax’ campaign moved up a gear; eight jockeys, including Champion Oisin Murphy, made passers-by stop as they posed on Parliament Square with a banner featuring that slogan. There were many powerful messages through the afternoon and racing’s leading figures were adamant the decision to postpone fixtures at Uttoxeter, Carlisle, Lingfield and Kempton was the right thing to do. It was certainly a unique sight seeing 10 foot white plastic horse being driven ...
With racing staging its first voluntary blackout yesterday, Gosden was joined by many of his fellow trainers for a rally at the QEII Conference Centre as the ‘Axe The Racing Tax’ campaign moved up a gear; eight jockeys, including Champion Oisin Murphy, made passers-by stop as they posed on Parliament Square with a banner featuring that slogan. There were many powerful messages through the afternoon and racing’s leading figures were adamant the decision to postpone fixtures at Uttoxeter, Carlisle, Lingfield and Kempton was the right thing to do. It was certainly a unique sight seeing 10 foot white plastic horse being driven past Big Ben to grab everyone’s attention.Horse racing's biggest figures hit Westminster on Thursday with one aim - axe the racing taxJohn Gosden made a powerful appeal to Government about the grave circumstances they could inflict on the day racing descended on Westminster.Mullen is hopeful Government and The Treasury will see sense, as the money they would raise by increasing tax would be offset – and more – in other ways, particularly if an industry which employs 85,000 people was crippled with widespread unemployment.
Jockeys Hollie Doyle, Tom Marquand and Oisin Murphy take part in a protest by the British horse racing industry against the government's proposed tax rise on betting on the sport.
The protest took place amid a one-day strike across British horse racing, with four meetings at Lingfield Park, Carlisle, Uttoxeter and Kempton Park being rescheduled by the BHA. It is the first time the sport has voluntarily refused to race in its modern history. Jockeys Paul O'Brien, Saffie Osborne, Kieran Shoemark, Lilly Pinchin and former rider Richard Johnson were also at Westminster. They were all wearing 'Axe The Racing Tax' silks provided by the BHA, while there was also a statue of a horse with the same slogan.That we should be having more harmful forms of gambling - online casinos, online slots - more addictive and dangerous forms paying more taxation. "Traditional, historic forms like horse racing that contribute to local communities, they should stay about the same."Jockeys Hollie Doyle, Tom Marquand and Oisin Murphy took part in a protest by the British horse racing industry against the government's proposed tax rise on betting on the sport.The Treasury is proposing to introduce a single remote gambling tax, which would increase the 15% tax rate paid by bookmakers on racing and align it with online gambling, which is currently taxed at 21%.
A galaxy of racing stars turned out in Westminster on Wednesday to protest against plans for a tax hike that many fear could devastate the sport – with a white horse and a champion jockey among those to spell out racing’s message to the government on an unprecedented day of protest.
With all race meetings in Britain cancelled for the day, trainers, jockeys and officials were free to gather in Parliament Square in a concerted attempt to raise awareness of the sport’s fears that a proposal by the Treasury to harmonise online gambling taxes would result in a massive financial blow to racing. General betting duty, which covers horseracing bets, currently stands at 15 per cent, but an increase to parity with remote gaming duty on games of chance to 21 per cent would result in a £66 million loss for racing in year one according to BHA estimates.To this mix, seemingly familiar to those who often pass this way, was added the figure of a white horse, borne repeatedly around the square on a van which also carried racing's anti-tax slogan.The consensus among racing's big names was that the envisaged tax hike simply had to be foughtAnyway, it caught the eye of passers-by like Kate, from Huntingdon, pushing her year-old son in a pram on a rare visit to the capital. "This sounds ridiculous," she said when the reason for the protest was explained. "Racing's a big business, people enjoy it. My grandad would go down to the bookies two or three times a day to bet on his horses.
British horse racing has gone ahead with its unprecedented one-day strike to protest a feared rise in taxes on race betting
Four scheduled meetings — at Carlisle, Uttoxeter, Lingfield and Kempton — have been canceled and rescheduled after agreements between the owners of the courses and the British Horseracing Authority, making it the first time the sport in Britain has voluntarily refused to race in modern history. The BHA set up the “Axe the Racing Tax” campaign in response to proposals to replace the existing three-tax structure of online gambling duties with a single tax, with fears the current 15% duty on racing could be increased to the 21% levied on games of chance.A decision on any tax change is expected in the British government's budget on Nov. 26. Dan Tomlinson, exchequer secretary to the treasury, said horse racing’s role in the “cultural fabric” of Britain is acknowledged and underlined there has been no announcement yet.LONDON -- British horse racing went ahead Wednesday with its unprecedented one-day strike to protest a feared rise in taxes on race betting, with a top official in the sport urging the industry to “stand together” and “make their voices heard.”“The Chancellor has been clear that speculation on tax rises, which is what this is, is not only inaccurate, but also irresponsible," Tomlinson said. "We have not announced an increase in the tax on horse-race betting, and racecourse betting currently gets a 100% tax break which we have no plans to change.
The 118th Congress is considering several tax-related measures supported by the American Horse Council to bring clarity, stability...
The 118th Congress has several tax-related measures under consideration that would bring clarity, stability, and fairness to those engaged in the equine industry. Below are several bills that the American Horse Council supports:The Race Horse Recovery Act of 2023 and The Racehorse Tax Parity Act. The Race Horse Recovery Act amends the IRS code to modify the accelerated depreciation allowance for race horses to allow a three-year recovery period for any race horse.(Current law limits the three-year recovery period to race horses placed in service before January 1, 2022, and race horses placed in service after December 31, 2021, that are more than two years old at the time they are placed in service.) The Racehorse Tax Parity Act would reduce the holding period for equine assets to be considered long term capital gains, putting them on a level playing field with other similar assets.Res 237 is a measure “Recognizing the importance of stepped-up basis under section 1014 of the Internal Revenue Code of 1986 in preserving family-owned farms and small businesses.” This resolution supports the preservation of the stepped-up basis tax rule that allows recipients of inherited assets such as land, equipment, or buildings to adjust the cost basis of the assets to reflect their fair market value.
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This bulletin explains how sales and use taxes apply to racehorses in New York State. Racehorses include thoroughbred, standardbred, and quarter horses. It also explains how sales tax applies to services related to their care and maintenance. The purchase of a racehorse is considered to be ...
This bulletin explains how sales and use taxes apply to racehorses in New York State. Racehorses include thoroughbred, standardbred, and quarter horses. It also explains how sales tax applies to services related to their care and maintenance. The purchase of a racehorse is considered to be a purchase of tangible personal property.The purchase of a thoroughbred or standardbred racehorse is exempt from sales tax if the racehorse: is registered with the Jockey Club, the United States Trotting Association, the National Steeplechase and Hunt Association, or is no more than 24 months old and is eligible to be registered with one of these associations; and · is purchased with the intent of entering the horse in a racing event on which pari-mutuel wagering is authorized by law.Racehorses purchased outside New York State and brought into this state are not subject to use tax if the purchase otherwise qualified for this exemption. This exemption does not apply to: ... a horse that is considered to be at least four years old and has never raced in an event on which pari-mutuel wagering is authorized by law.New York State use tax is due on the purchase of a thoroughbred, standardbred, or quarter horse (other than an exempt thoroughbred or standardbred racehorse described above) outside the state by a New York resident if the racehorse is later brought into New York.
Sport’s leaders head to Westminster to implore politicians not to push through plan that could cost thousands of jobs and decimate industry
A six per cent increase in the tax on betting on racing to match the casinos would have huge unintended ramifications for the sport. “Independent economic analysis suggests it would cost the sport £66m [worst-case scenario £160m] and put around 2,700 jobs at risk in year one,” said Brant Dunshea, CEO of the British Horseracing Authority.Off to Westminster to support horse racing's battle against a higher taxation. Hoping @Keir_Starmer will listen and understand the sport is a valuable part of British culture and an industry that brings jobs and economic value to the country. Why ruin it Sir Keir?“We need to remind people that there is already large tax revenue [£300m] dependent on British racing, but if our product becomes less competitive compared to other products, people will start to look for alternative markets and one of the unintended consequences will be a move to the unregulated black market.” · Meetings at Kempton Park have been cancelled for the day Credit: Getty Images /Paul Gilham · Horse racing and betting have a symbiotic relationship; the levy, media rights and sponsorship support racing to the tune of £350m, which goes directly to the sport and trickles down its various ecosystems into prize money, horse welfare, veterinary research and education.Horse racing is part of the fabric of everyday life in Britain but, today, for the first time, the industry is going on strike.
British horse racing has gone ahead with its unprecedented one-day strike to protest a feared rise in taxes on race betting
LONDON — British horse racing went ahead Wednesday with its unprecedented one-day strike to protest a feared rise in taxes on race betting, with a top official in the sport urging the industry to “stand together” and “make their voices heard.”
In the equine industry, the complexity ... intended to aid buyers and sellers in beginning the analysis of their potential sales and use tax obligations when buying and selling horses for racing, showing, and breeding....
In the equine industry, the complexity is heightened by the mobile or transient nature of Thoroughbreds and Showhorses. This overview and the accompanying map are intended to aid buyers and sellers in beginning the analysis of their potential sales and use tax obligations when buying and selling horses for racing, showing, and breeding.The structure of transactions involving the sale and purchase of horses is often unique, as are the plans for the horses. Both the structure of the transactions and the plans for the horses impact any sales and use tax analysis. Every salient fact is important to a proper sales and use tax analysis.Understanding sales and use taxation of horse transactions begins with a grasp of sales and use taxes generally. These taxes are imposed on a “transaction.” Most state laws define a transaction as the transfer of tangible personal property or the performance of a service for a consideration.Unless a statutory exemption applies, all gross receipts derived from the sale of tangible personal property, other than sales for resale, are presumed by the states to be taxable. Because horses are tangible personal property, sales or use tax will apply unless there is an applicable exemption.
The government is considering proposals to raise the rate of tax on racing bets online, currently 15 percent, to 21 percent -- aligning it with online gaming such as casino and slot games. Economic analysis commissioned by the British Horseracing Authority (BHA) suggests such a rise could cost ...
The government is considering proposals to raise the rate of tax on racing bets online, currently 15 percent, to 21 percent -- aligning it with online gaming such as casino and slot games. Economic analysis commissioned by the British Horseracing Authority (BHA) suggests such a rise could cost racing at least £66 million ($89 million) and put 2,752 jobs at risk in the first year.British horse racing is holding a historic one-day strike on Wednesday in protest against a proposed tax rise on betting that racing chiefs warn could cause "irreparable damage"."The best horses will no longer be bred, owned, trained and raced in Great Britain. The best races will no longer take place in Great Britain." A decision on any tax rise would be announced in the government's budget, an annual tax and spending plan, on November 26.The British horse racing industry is protesting against a proposed tax rise on betting / © AFP/File
Multiple graded stakes winner Tax (Arch) has been retired from racing. The 7-year-old gelding, who was claimed by trainer and co-owner Danny Gargan for $50,000 out of his debut race in 2018, won the 2019 GII Jim Dandy S. and GIII Withers S., as well as the 2020 GIII Harlan's Holiday S. He earned a
“We've decided to retire him because it was the right thing to do by the horse,” said Gargan. “He's done enough. We just wanted him to win over the million-dollar mark, and he got well over that.” · In his final career start, Tax was runner-up in the GIII Challenger S.“He's so pretty and so kind for such a big horse.” ... Not a subscriber? Click here to sign up for the daily PDF or alerts. ... This story was posted in Top News and tagged Belmont Stakes, Danny Gargan, Dean Reeves, Jim Dandy Stakes, Kentucky Derby, R.A. Hills, Tax, Wood Memorial.Multiple graded stakes winner Tax (Arch) has been retired from racing. The 7-year-old gelding, who was claimed by trainer and co-owner Danny Gargan for $50,000 out of his debut race in 2018, won the 2019 GII Jim Dandy S. and GIII Withers S., as well as the 2020 GIII Harlan's Holiday S. He earned aGargan said Tax has been sent to the farm of Dean Reeves, who co-owned Tax through 2021, and he will be retrained with an eye to a pony career.
