Reference: T1085/8/40
CAMBRIDGE UNIVERSITY PRESS
DECISION
The trade exercised by the Cambridge University Press is principally concerned with printing and publishing for the outside world. Thus, in our view, specialised though it is and devoted to the production of works of learning, it extends beyond the purpose and objects of the University. We find that the trade, except insofar as it is concerned with work for the internal use of the University, is not exercised in the course of the actual carrying out of a primary purpose of the charity.
The claim for exemption under Section 30(1)(c) of the Finance Act, 1921 accordingly fails.
Signed H.H.C. GRAHAM and R. COPE
Commissioners for the Special Purposes of the Income Tax Acts
Turnstile House,
94-99 High Holborn,
LONDON, W.C.1.
22nd November, 1940