CIoT and IIT to merge

by Calum Fuller

More from this author

29 May 2012

  • Comments

A MERGER is to take place between the Chartered Institute of Taxation (CIoT) and the Institute of Indirect Taxation (IIT).

The move comes after both bodies voted through the motion in general meetings held on 15 May and 28 May.

It is believed the merger will be completed in early June, with the institutions united under the CIoT banner.

Newly elected president of the CIoT, Patrick Stevens, welcomed the unification.

He 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 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 added it was "good news for indirect tax practitioners".

He went on: "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."

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.