Gambling tax

[viking]

This may be the final nail in the coffin for my gambling if it comes to pass and I suspect also for many others

'It will derail racing' - industry sounds stark warning following report Treasury is considering gambling tax hike

A hike in gambling tax rates in this month's budget would cause serious harm to British racing's finances and risk "derailing" the sport, ministers... Read More

www.racingpost.com

 

[walsworth]

Me too.

It's hard enough to make it pay now and may I say that I nearly do but not quite!

 

[reet hard]

Great news (seriously).
It may mean the government will control the levy,and wrest control of our sport from the bookmakers?
Bring it on.

 

[viking]

Great news (seriously).
It may mean the government will control the levy,and wrest control of our sport from the bookmakers?
Bring it on.

Not sure how the prospect of a dramatic hike in betting duty can be great news as books will offer even less value. Agree that bookmakers have too much control but putting that control in government hands is unlikely to be a positive move IMO

 

[reet hard]

Not sure how the prospect of a dramatic hike in betting duty can be great news as books will offer even less value. Agree that bookmakers have too much control but putting that control in government hands is unlikely to be a positive move IMO

Not sure how the prospect of a dramatic hike in betting duty can be great news as books will offer even less value. Agree that bookmakers have too much control but putting that control in government hands is unlikely to be a positive move IMO

2p in the £1 to racing would more than cover the levy,and the government don't need be involved,apart from collecting and distributing the revenue.