A report in Taxation magazine claiming that the Chartered Institute
of Taxation (CIOT) was in discussions with the Federation of Tax Advisers (FTA),
has been dismissed by the institute as untrue.
Taxation quoted a spokesperson for the FTA saying that it was
‘talking to the Chartered Institute of Taxation about the relaunch and does not
foresee any problems as the FTA is “lower level” than the CIOT and Association
of Taxation Technicians’.
The report went onto quote the spokesman as saying: the FTA ‘fills a gap in
the market for those who mainly do self assessment work and do not want to take
the ATT exams which also cover company law and accountancy’.
But the CIOT said that ‘contrary to the assertions made to Taxation,
no such talks have taken place and that the FTA has yet to approach the CIOT
regarding the matter’.
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