Chartered Institute of Taxation


Chartered Institute of Taxation
Chartered Institute of Taxation (CIOT)
Predecessor Institute of Taxation
Formation 1930
Legal status Chartered body
Headquarters London,  UK
Membership 15,600
Students 4,000
Member's designations CTA and CTA(Fellow)
President Anthony Thomas
Governing body Council
Website tax.org.uk


The Chartered Institute of Taxation (CIOT) is a registered charity (number 1037771) and the leading professional body in the United Kingdom concerned solely with taxation. The CIOT deals with all aspects of direct and indirect taxation.

Contents

Activities

The primary purpose of the CIOT is to promote education in and the study of the administration and practice of taxation. One of its 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 aims: it is entirely apolitical in its work.

Membership is awarded on passing the Institute's examination and completing 3 years' practical UK taxation experience. Members may use the letters CTA (Chartered Tax Adviser), formerly ATII (Associate of the Taxation Institute Incorporated). The CIOT describes its qualifications as the ' gold standard'. Fellowship is available following the submission of a thesis or a body of work. Fellow members may use the letters CTA(Fellow), formerly FTII, after their name to indicate fellowship.

Foundation

The Institute of Taxation (the forerunner of the Chartered Institute) was formed in 1930, incorporated as a Company Limited by Guarantee. The Chartered Institute is incorporated by Royal Charter. One of the founder members was Ronald Staples, the founding editor of Taxation Magazine. It was originally proposed to used the letters ATI (Associate of the Taxation Institute) and FTI (Fellow of the Taxation Institute). When it was discovered that these letters had already been allocated to the Textiles Institute, an extra "I" was added to each set of letters, standing for "Incorporated".

Affiliations

The Institute was the first UK tax body to join the Confédération Fiscale Européenne (CFE).

Partnerships

  • The Chartered Institute of Taxation (CIOT) and ACCA (Association of Chartered Certified Accountants) have signed a global partnership agreement to enable ACCA’s members worldwide to take the CIOT’s Advanced Diploma in International Taxation (ADIT).
  • CIOT members may obtain an accelerated route to membership of the Institute of Chartered Accountants of Scotland. Details
  • The CIOT owns a significant collection of taxation-related literature which is held in King's College London's Maughan Library and is made available to both CIOT and King's College members.
  • Although an independent organization, the CIOT shares back-office services with the Association of Taxation Technicians.[1]

References


Wikimedia Foundation. 2010.

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