Bookies tax to raise up to €95m in the UK

Horseracing will receive up to £80.8m (€95.9m) a year after the Government decided today to raise taxes on bookies’ pre-tax profits.

Wed, 16 Feb, 2011 - 15:57

Horseracing will receive up to £80.8m (€95.9m) a year after the Government decided today to raise taxes on bookies’ pre-tax profits.

Culture Secretary Jeremy Hunt said bookmakers will pay 10.75% rather than 10% from April, generating between £73.7m (€87.5m) and £80.8m (€95.9m) for the sport’s upkeep in Britain.

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Bookies tax to raise up to €95m in the UK

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Westport Cove delivers Grade Three victory for Mullins and Townend at Roscommon

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