[logo] Inland Revenue CLAIMS BRANCH
Magdalen House Stanley Precinct Bootle Merseyside L69 9BB
Telephone 051-922 8711 ext 3040

To: G. B. Richardson Esq.
Secretary and Chief Executive
Oxford University Press
Walton Street
Oxford
OX2 6DP

My reference X.36506/CR4 8909/DCM/McR

25 September 1978

Dear Sir

OXFORD UNIVERSITY PRESS

I am pleased to advise you that your claim for charity tax exemption in respect of the trading profits of the Press (Section 360(1)(e) Income and Corporation Taxes Act 1970) has been accepted so long as such profits are applied for charitable purposes only.

Liability to account under Schedule 20 Finance Act 1972 for any tax deducted by the Press will continue and will remain the responsibility of the local Collector and Inspector.

Repayment due will be dealt with by this office and I enclose a form R68 on which you may state a claim for repayment in respect of corporation tax paid for the years in date. In this conection your letter of 24 March 1977 claiming the tax exemption states the earliest year as that to 31 March 1970, but this, of course, would be out of date and the earliest claim would be for the year to 31 March 1971, ie six years back, under the limit imposed by Section 42 Taxes Management Act 1970.

Annual accounts should continue to be sent to the Inspector at Oxford 1 District who has been informed of the position. I have sent a copy of this letter to Messrs Coopers & Lybrand.

Yours faithfully

Signature: Allan Hargreaves

H. M. INSPECTOR OF TAXES