TaxPersonal TaxInstitutes – Tax institute snipes at ICAEW advanced diploma

Institutes - Tax institute snipes at ICAEW advanced diploma

The English ICA has introduced three new ‘advanced’ qualifications for experienced accountants, but members do not have to sit any exams to obtain them.

It is planning to award advanced diplomas in corporate finance, IT and tax to members willing to part with a £650 fee and undergo assessment in a three-hour interview with two fellow experts.

Rival bodies have responded sceptically to the institute’s claim that the diplomas will become the ‘industry standard for specialist skills’.

Predicting the demise of the new tax diploma, Keith Daniels, president of the Chartered Institute of Taxation, said: ‘If that is their attempt to penetrate the tax marketplace, then it is pretty feeble.’

But English ICA president Chris Swinson insisted assessment of those applying for the diplomas would be rigorous.

‘If it is seen as an easy option, then it won’t be regarded as a serious qualification,’ he said.

He added: ‘The awards provide a framework for personal development and evidence of knowledge in action.’

Applicants for the diplomas must have at least five years’ experience in their area.

Related Articles

Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

Personal Tax Inheritance tax is 'unfit for modern society' and should be abolished, says think tank

3w Alia Shoaib, Reporter
Rent-a-room relief – the survey says…

Personal Tax Rent-a-room relief – the survey says…

2m Helen Thornley, ATT Technical Officer
What should the OTS prioritise in its review of inheritance tax?

Personal Tax What should the OTS prioritise in its review of inheritance tax?

4m Alia Shoaib, Reporter
LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

6m Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

7m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

9m Alia Shoaib, Reporter