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OXFORDSHIRE GAINS TAX REFUND AFTER RATES CHALLENGE

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Oxfordshire CC has been refunded nearly£500,000 after the Inland Revenue admitted it had made a mistake charging b...
Oxfordshire CC has been refunded nearly £500,000 after the Inland Revenue admitted it had made a mistake charging business rates on the council's 10 special schools.

The windfall is part of a package of £5 million savings arising from the council's blanket challenge to its business rate assessment. The money relates to the period beteen 1 April 1990 and 31 March 1993.

Oxfordshire expects to save another £2m in the coming financial year on a further 100 appeals which are still waiting to be heard by the Inland Revenue.

David Young, director of planning and property services, said the savings would make 'a vital contribution at a critical time' when the council is anticipating having to shave 4% off its budget.
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