Thursday, 2 August 2012 10:15 AM
The Chartered Institute of Taxation (CIOT) and the Institute of Indirect Taxation (IIT) officially merged.
The approximately 500 members of the IIT who were not already members of the CIOT have now become CIOT members, taking the merged Institute’s membership total to more than 16,500.
CIOT President Patrick Stevens commented:
“I would like to welcome IIT members to the Chartered Institute of Taxation. I will be writing to each of them in the next few days to welcome them personally and to invite them to get involved in the activities of the merged institute, nationally and at branch level.
“We are determined that the 'DNA of the IIT' will be embedded within the CIOT. We are putting arrangements in place to ensure this happens and to expand further our coverage of indirect taxes within the merged Institute, for example in our technical work and member communications.”
Bob Davies, the final Chairman of the IIT, commented:
“This is good news for indirect tax professionals. Bringing together the expertise and the resources of the two institutes will strengthen the support available to our members. On the education side, I am confident the new structure for a CTA route for indirect taxes will build on the best of both its predecessors.
“VAT and other indirect taxes are increasingly high profile in political debate and the media. By coming together we believe we are creating a prominent player in the world of indirect taxation whose voice and influence will be even greater than the sum of our parts.”
Notes to editors
The merger follows votes of members at general meetings of the two institutes on May 15 (CIOT) and May 28 (IIT).
2. Those who were IIT members at the point of merger will be able to continue to use their IIT post nominals (AIIT – Associate of the Institute of Indirect Taxation, and FIIT – Fellow of the Institute of Indirect Taxation) in addition to calling themselves a Chartered Tax Adviser and using the designation CTA.
The Chartered Institute of Taxation (CIOT) is a charity and the leading professional body in the United Kingdom concerned solely with taxation. The CIOT’s primary purpose is to promote education and study of the administration and practice of taxation. One of the key aims is to achieve a better, more efficient, tax system for all affected by it – taxpayers, advisers and the authorities.
The CIOT’s comments and recommendations on tax issues are made solely in order to achieve its primary purpose: it is politically neutral in its work. The CIOT will seek to draw on its members’ experience in private practice, government, commerce and industry and academia to argue and explain how public policy objectives (to the extent that these are clearly stated or can be discerned) can most effectively be achieved.
The CIOT’s 16,500 members have the practising title of ‘Chartered Tax Adviser’ and the designatory letters ‘CTA’.
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