CIOT and IIT set to vote on merger
The CIOT and IIT will merge in early July, subject to ballotts to be taken this month
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.