Reference: T1085/8/40
Gentlemen,
I am directed by the Board of Inland Revenue to refer to your letter of the 3rd April addressed to the Chief Inspector of Taxes (Claims Branch) and to inform you that the claim of the Syndics of the Cambridge University Press to exemption from Income Tax under Section 30(1)(c) of the Finance Act, 1921, as amended by Section 24, Finance Act, 1927, in respect of profits of the publishing business at London and the printing business at Cambridge for the six years 1933/34 to 1939/40 has been submitted to them for their consideration in accordance with the provisions of Section 19(1) Finance Act, 1925.
The Board are not satisfied on the evidence before them that the Syndics of the Cambridge University Press are entitled to the relief in question and they are therefore unable to admit the claim.
If your clients are unable to accept this decision, it is open to them under Subsection (2) of Section 19 to make application to have the claim heard and determined by the Special Commissioners, by giving notice in writing to this office within 21 days of the date of this letter.
I am, etc.
Messrs. Turquand, Youngs, McAuliffe & Co.,
19 Coleman Street, E.C.2.