RegulationAccounting StandardsCIoT and IIT complete merger

CIoT and IIT complete merger

After both institutions voted for a merger in May, the CIoT and Institute of Indirect Taxation complete the move

CIoT and IIT complete merger

THE CIoT and the Institute of Indirect Taxation have officially completed their merger.

The institutions have been united under the CIoT banner, with approximately 500 members of the IIT who were not members of the CIoT taking up membership, bringing its numbers up to 16,500.

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

Patrick Stevens, president of the CIoT, said: “We are determined that the DNA of the IIT will be embedded within the CIoT. We are putting arrangements in place to ensure this happens and to expand further our coverage of indirect taxes within the merged institute, for example in our technical work and member communications.”

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