The Chartered Institute of Taxation (CIOT) and the Institute of Indirect Taxation (IIT) are to merge
This follows votes of members at the two institutes’ general meetings on May 15 (CIOT) and May 28 (IIT).
CIOT President Patrick Stevens commented:
“Indirect taxes are a fast growing area of practice. By bringing together the expertise and the resources within the CIOT and IIT we believe we will strengthen the technical, CPD and educational offerings to members and students of both bodies.
“The over-arching principle of the merger is that the 'DNA of the IIT' should be embedded within the CIOT. We will put transitional arrangements in place to ensure this happens and to expand the profile of indirect taxes within the merged Institute, for example in our events programme and member communications .”
IIT Chairman Bob Davies commented:
“This is good news for indirect tax practitioners. The two bodies have already given a great deal of thought to how the current IIT membership qualification and the CIOT’s indirect tax stream can be merged and we believe that 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 centre-stage in media and political debate, at both Westminster and Brussels. In the interests of good tax law it is important that the technical knowledge and experience of indirect tax practitioners is brought to bear in these discussions.
“By coming together we believe we will create a prominent player in the world of indirect taxation whose voice and influence are even greater than the sum of our parts.”
Notes to editors
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 16,000 members have the practising title of ‘Chartered Tax Adviser’ and the designatory letters ‘CTA’.
The Institute of Indirect Taxation (IIT) is the pre eminent professional body for those specialising in indirect taxation. It was formed in 1991 to advance public education in and promote the study of the law and administration and practice in all the indirect taxes. Its membership comprises solicitors, barristers, accountants and other practitioners in indirect taxation.
The IIT has over 600 members who are eligible to use the designatory letters AIIT for Associate members and FIIT for Fellow members.
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