Raced off with Rudyard, ends with token of dismissal (3,4)
I believe the answer is:
red card
'token of dismissal' is the definition.
'red card' can be an answer for 'dismissal' (I've seen this before). I'm not sure about the 'token of' bit.
'raced off with rudyard ends' is the wordplay.
'off with' indicates an anagram.
'ends' says to hollow out the word (remove centre letters).
'rudyard' with its centre removed is 'rd'.
'raced' mixed up with 'rd' makes 'RED-CARD'.
'with' acts as a link.
Can you help me to learn more?
(Other definitions for red card that I've seen before include "heart?" , "Signal for a serious rule infringement" , "Referee's sanction" , "Football ref's dismissal" , "Sending-off signal?" .)