CIoT and IIT to merge
The Chartered Institute of Taxation and Institute of Indirect Taxation announce they are to merge
The Chartered Institute of Taxation and Institute of Indirect Taxation announce they are to merge
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.”
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleQueen's Speech legislation aims to crackdown on financial crime and protect those who have money in some auto enrolment schemes Read More...
View articleTaxation body welcomes departmental investigation into Panama Papers, but questions government’s approach to clampdown on corporate tax evasion Read M...
View articleChris Jones appointed by HM Revenue & Customs to supervise its reinvigorated customer Charter Read More...
View articleIntroduction of quarterly digital tax accounts for small businesses and self-employed gets parliamentary hearing Read More...
View articlePassing of Scottish devolution Bill has permanently changed Scotland's tax landscape, tax institute says Read More...
View articleHMRC should not have representation on a GAAR advisory panel, warns the CIoT and ATT Read More...
View articleAfter both institutions voted for a merger in May, the CIoT and Institute of Indirect Taxation complete the move Read More...
View articleThe CIOT and IIT will merge in early July, subject to ballotts to be taken this month Read More...
View article