VOTES WILL BE CAST next month on a proposed merge of the Chartered Institute of Taxation (CIOT) and the Institute of Indirect Taxation (IIT).
Should the motion be voted through next week at the CIOT AGM (15 May) and at the IIT on 28 May, they will be united under the CIOT brand.
A CIOT spokesman said: “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 can strengthen the technical, CPD and educational offerings to members and students of both bodies.
“By coming together we believe we can create a prominent player in the world of indirect taxation whose voice and influence are even greater than the sum of our parts.”
As long as 75% of CIOT members vote in favour and a majority of IIT votes go in favour of the motion, it is expected the merge will take place in early July.
MPs should be given the right to veto the appointment or dismissal of the senior leadership of the Office of Tax Simplification, the influential Treasury Select Committee has said
CIot urges HMRC to consider a delay to the 1 September 2017 introduction of its new corporate offence of failure to prevent the criminal facilitation of tax evasion
Three tax advisers have been arrested as part of a HMRC investigation into a suspected £132m tax fraud.
HMRC intends to extend the date for withdrawal of transitional relief on investment growth from 30 November 2016 to 31 March 2017