Oxford University Press's failed 1944 application for exemption from wartime E.P.T. (Extra Profits Tax)

H.M. Inspector
City 15

References: P.S.1496/44 WFM/GL

3rd November, 1944

To: Chief Inspector (E.P.T.)

Since my report of the 31st July last, considerable progress has been made. The computations of profit and capital (on a B/S basis) for the standard years and all Chargeable Accounting Periods to the 31st March 1941 are virtually agreed, subject to a variety of open points which need not hold up the general advancement of the case.

During the last few days I have received the Accountant's computations of profits and capital (on a B/S basis) for the two remaining Chargeable Accounting Periods to the 31st March 1943 and these I hope to examine at once. I have also received this morning a voluminous claim under Section 27 which is incomplete but taken far enough to form a basis for discussion.

I think it is doubtful, however, that I shall be able to report anything definite for a least a further two months, as the Accountant informs me he cannot give priority to the case.

I suggest therefore that you refer these papers to me again in, say, mid-January.

W. F. Martin

H.M. Inspector
City 15

31st July, 1944