And in a Commons debate on Monday, the Government made it clear that there would be no tax concessions on bloodstock. 'That was a typically negative reply, and it's time we showed more muscle,' Walwyn said. 'Foreign governments, notably those in Ireland and France, are much more sympathetic to their racing industries.'Reuse content
LUCA CUMANI, Jack Berry and Peter Walwyn went to Westminster yesterday for a meeting with MPs to discuss the consequences for the breeding industry of high VAT rates. From 1 January, horse sales in Britain will be subject to a VAT rate of 17.5 per cent, as opposed to 5.5 per cent in France and 2.7 per cent in Ireland.