Notice Board

The 2013 ADIT exam session will be the last opportunity for students to attempt the Paper III E - Australia Option. The paper is being withdrawn from the syllabus as the number of students opting to take the paper has been consistently low. If any candidate is unsuccessful in passing this option in 2013, they will have to choose another paper to complete the qualification.

If you have any queries regarding this contact info@adit.org.uk

The Chartered Institute of Taxation (CIOT) has today announced that it is to license the Irish Tax Institute (ITI) to use the designations ‘Chartered Tax Adviser’ and ‘CTA’ as the first step in developing the CTA brand as an international ‘Gold Standard’ in tax.

The CIOT is proposing, in carefully defined circumstances, to license tax bodies in other countries to designate their members – or where appropriate, a subset of their members – as CTAs. This will only be done where the CIOT are satisfied and confident that:

• The qualifications, professional standards and other requirements for membership of the tax body (or qualifying subset) are broadly equivalent to the CIOT’s own
• It is the Gold Standard in the relevant jurisdiction

As of today over 4,000 Associates of the Irish Tax Institute (AITIs) are now eligible to use the designation AITI Chartered Tax Adviser (CTA).

CIOT President Anthony Thomas said:

“Our aim is to promote excellence in tax internationally by developing the CTA designation as a mark of quality and professionalism.

“While the CTA brand is highly recognised and very well respected in the UK, it is less well known elsewhere. With tax becoming increasingly globalised, and our members travelling to and working in more and more countries, we believe it will benefit our members to raise the profile of the CTA designation internationally. We are seeking to make it the global ‘go-to’ brand for high quality tax advice.

“Whether someone is an employer or a taxpayer seeking expert advice, they can be reassured that when they engage a CTA they will be taking on a tax professional who has proved themselves to be of the highest calibre.”

Irish Tax Institute President Bernard Doherty said:

“Given the growing international nature of tax and our reputation in Ireland for tax expertise I believe this is an important and significant step for AITIs working in Ireland and internationally. We are delighted to collaborate with CIOT in promoting excellence in tax advice.

“This collaboration has come about as a result of standards of excellence in our AITI programme and our reputation for tax expertise here at the Irish Tax Institute.”

ADIT was fortunate to be able to exhibit for the first time at the Asia-Oceana Tax Consultant's Association (AOTCA) Annual Meeting and Conference held in Nusa Dua, Bali Indonesia on 17 and 18 November 2011. The ADIT stand was staffed by Stacey Scott-Joseph and Helen Burgess from the CIOT and generated a wide array of interest and support from fellow tax bodies in the Asia Pacific region. Many members of the regional tax bodies visited the ADIT exhibition stand to discuss the qualification and how we can further develop it in partnership with the Asia region, with a hope to add value to the international tax profession in their home countries.

The conference was attended by over 200 delegates from local tax organisations in the region. The aim of the exhibition stand was to raise the profile of ADIT amongst these organisations and discuss how we might work in cooperation to further education in the international taxation field.

ADIT's presence at the meeting generated po­­­­­­­sitive feedback and support for the qualification. We also had the pleasure of meeting several of our own ADIT students in the region who attended the cocktail reception for the Asia Pacific Branch Launch.

Due to the announcement of an additional national holiday to celebrate the Queen’s Jubilee in the United Kingdom, and moving the end May national holiday to coincide with the Jubilee - the ADIT examinations will now be held on 12, 13 and 14 June 2012.

This change of dates was made to accommodate course provider’s scheduled preparation courses and to have the minimum impact possible to students and their time allocated to prepare appropriately for the examinations. Should you have further questions, please visit our website at www.adit.org.uk or contact the Education Team at info@adit.org.uk

We are pleased to announce the first ever winner of the John Avery Jones Thesis prize which has been awarded to Gauthier Cruysmans of Belgium for his thesis on "The Belgian Notional Interest Deduction Regime in a European Perspective."

The John Avery Jones Thesis Prize is awarded to the candidate who, in the sole opinion of the Committee, achieves the highest standard of a thesis in any calendar year.

Further ADIT prizes include The Heather Self Medal for highest marks in Paper I - Principles of International Taxation, The International Fiscal Association prize for the highest marks in Paper II - Advanced International Taxation, and The Worshipful Company of Tax Advisers Medal for the highest marks in Paper III - Principles of Corporate and International Taxation.

For the second year running, the Advanced Diploma in International Taxation (ADIT) will be exhibiting at the prestigious International Fiscal Association (IFA) Annual Congress : www.ifaparis2011.com The 65th Congress will be held in Paris, France from 11 September to 16 September 2011.

Prof. Kees van Raad, Prof. Richard Vann and Dr. Philip Baker QC OBE, who are members of the ADIT Academic Board, will each be holding a 30 minute 'Meet & Greet' session located at the ADIT exhibition stand during the Congress.

Our participation in the IFA Congress is to:

• Raise the profile of the qualification with decision-makers in the international tax arena
• Educate the decision-makers about ADIT - that this unique international practical tax qualification complements local domestic qualifications and relevant academic degrees.
• Encourage interested international tax professionals to register for the qualification.

If you are attending the Congress, please stop by and spend some time at the stand, use the stand for any meetings you may have and please encourage your colleagues to also visit the stand.

Meet and Greet Sessions will be held at the ADIT stand during the morning coffee breaks as follows:

Monday 12 September - Prof. Richard Vann
Tuesday 13 September - Dr. Philip Baker
Wednesday 14 September - Prof. Kees Van Raad

If you have any questions please contact Stacey Scott-Joseph at sscott-joseph@adit.org.uk or +44 (0)207 340 0575

We look forward to seeing you there - Au Revior!

The June 2012 exam session will be the last opportunity for students to attempt the Paper III C - UK option. The paper is being withdrawn from the syllabus as the number of students opting to take the paper has been consistently low. If you wish to sit this examination option paper in June 2011 you will need to enter before the end of February 2011. If any candidate is unsuccessful in passing this option paper in June 2011 or June 2012 they will have to choose another paper to complete the qualification.

The annual ADIT Hong Kong awards dinner was held in November last year celebrating the success of three ADIT graduates based in Hong Kong.

The dinner was attended by ADIT Academic Board member Professor Jefferson van der Wolk and CIOT Council member Debbie Annells.

From Left: Chartered Institute of Taxation of Nigeria (CITN) President, Prince Rasaq ‘Kunle Quadri and CIOT Chief Executive, Peter Fanning

IMPORTANT

• You may underline, sideline and highlight the permitted books butannotating, use of ‘post its’ and tagging is NOT allowed
• Dictionaries are NOT permitted
• You will be disqualified if found in possession of any printed or manuscript paper or book in the
  examination room, apart from those as listed. THIS RULE WILL BE STRICTLY ENFORCED.
• You are allowed to bring into the examination room:
• Pocket calculators (programmable calculators are permitted EXCEPT those with a graphical display)
• One edition of the following publications

The Advanced Diploma in International Taxation (ADIT) awards for achievement were presented at the Admissions Ceremony at the Drapers’ Hall in the City of London on 11 November 2010.

The awards are for the highest mark attained in each of the three papers required for the qualification:

• The Heather Self Medal was won by Sushma Gupta of London.
• The International Fiscal Association Prize was won by Amanda Sarah North of London.
• The Worshipful Company of Tax Advisers Medal was won by Suzanne Gillian Ross of Belfast.

Nine new ADIT Graduates attended the ceremony to receive their ADIT Diploma certificates, coming from as far away as Pakistan.

ADIT is a global qualification with more than 1000 students, graduates and affiliates in over 70 counties worldwide. The qualification is the global benchmark for international tax professionals and sets the standard for those who work in the industry.

There are now eight different tax jurisdictions covered by the various option papers: EC, USA, China, UK, Australia, Hong Kong, Singapore and Malta. As well as the recently launched Transfer Pricing option paper and soon to be launched South Africa option paper.

The CIOT President, Vincent Oratore, said:

“The award winners and all the candidates should be rightly proud of their success in passing papers for a demanding international qualification. Conducting cross border business demands a high level of competence in international tax matters, which is a mark of quality provided by the ADIT qualification. I am delighted to congratulate all who have passed and we hope to welcome those who are not existing members of the CIOT as International Affiliates of The Chartered Institute of Taxation in due course.”

CIOT President Vincent Oratore (centre) with ADIT graduates and prize winners. (Front row from left) Suzanne Ross, Ewelina Lichtenberg, Vincent Oratore, Grace Mambo, Amanda North. (Back row from left) Guy Dawber, Robert Beattie, Michael Shaw, Shahid Jami.

Recent ADIT graduate and award winner, Suzanne Ross of BDO Northern Ireland, has been congratulated in a local newspaper article for her success in the ADIT examinations. Click here to read the full article.

Tolley / LexisNexis

Correspondence, classroom and revision courses in London starting in November 2010 for:

Paper I – Principles of International Taxation, UK option for Paper II and EC option for Paper III.For more information please go to: Tolley Learning Tolley ADIT courses.

EATI (European American Tax Institute)

Intensive and refresher courses in London in 2011 for:

Paper I - Principles of International Taxation, US and UK options for Paper II, and the US, EC and China options for Paper III. For more information please go to: EATI ADIT courses.

IBFD

Comprehensive and user-friendly online distance course for:

Paper I – Principles of International Taxation.For more information please go to: http://www.ibfd.org/portal/InternationalTaxAcademy.htm.

Students who enrol for an open course with IBFD will receive a 30% discount on course fees if they enrol more than 60 days prior to the start of the course. The IBFD also offer public access to their extensive library to assist with study and research.

ADIT website: www.adit.org.uk

Information on all ADIT courses is available on the ADIT website: www.adit.org.uk together with the ADIT syllabus, prospectus and past exam papers. The 2011 ADIT syllabus and prospectus will be available online shortly.

The following are resources available to ADIT students, graduates and affiliates:

• CIOT Library – the Tony Arnold Library is housed as part of the law collection of King’s College London, located on Chancery Lane in central London.Please click here: Tony Arnold Tax Library for further information or contact the librarian on: library@ciot.org.uk.
• IBFD Library – The IBFD offer a comprehensive and inexpensive public library service. Please click here: IBFD Library to go to their website for more information or to search the catalogue.
• ATAX (University of New South Wales) Library - The UNSW Library offers an extensive catalogue and a wide reange of research services. Please click here for more information: UNSW Library

We are pleased to announce the results and prizes for the June 2010 ADIT exams. Please click on the attached document for further information. The Prizes awarded are as follows:

The Heather Self Medal for the highest marks in Paper I – Principles of International Taxation

The medal has been awarded to Sushma Gupta of Redhill who is employed by Deloitte LLP in London.

The International Fiscal Association Prize for the highest marks in Paper II – Advanced International Taxation

The prize has been awarded to Amanda Sarah North of London where she is employed by Deloitte LLP who sat Paper IIA (United Kingdom option).

The Worshipful Company of Tax Advisers Medal for the highest marks in Paper III – Principles of Corporate and International Taxation

The medal has been awarded to Suzanne Gillian Ross of Belfast, Northern Ireland, where she is employed by BDO Stoy Hayward, who sat Paper IIIB (EC option).

Distinctions

Distinctions were awarded to:

Yeuk Loi Yim of Hong Kong who is employed by Omnicom Asia Pacific Ltd in Hong Kong

Robert William Beattie of Glasgow who is employed by H M Revenue & Customs in Glasgow, UK

Claire Nicola Cook of Horsham who is employed by Baker Tilly in Crawley, UK

Amanda Sarah North, UK, winner of the International Fiscal Association Prize

Michael William Shaw of Lougborough, UK who is employed by H M Revenue & Customs Large Business Service in Nottingham for excellence in three examination papers.

The presence of the Advanced Diploma in International Taxation (ADIT) at the 64^th annual International Fiscal Association (IFA) Congress, held in Rome from 29 August to 3 September.The booth was staffed by Jonathan Perry and Irene Redman from the CIOT and generated a tremendous amount of interest with many delegates taking the time to stop at the ADIT booth to ask questions to better understand how the qualification can add value to an international tax professional.

The conference was attended by nearly 2,000 international tax professionals from over 70 countries worldwide. The main objective of exhibiting at the congress was to raise the profile of the qualification with senior decision makers in the international tax arena, and to encourage interested international tax professionals to register for the qualification.

Two members of the ADIT Academic Board, Kees van Raad and Philip Baker, manned the stand on two separate occasions during the conference. Both provided invaluable assistance helping to generate genuine interest from many senior international tax professionals and academics.

There was particular interest from the Latin American, Chinese and Indian delegates, and from delegates wanting to partner with their domestic tax associations and potentially proposing an option paper for their home country. Interest was also shown from the commercial world, with the international tax directors of Unilever and Microsoft both stopping atthe stand for more information.

On the back of the success of the IFA conference and the positive feedback that was received we are looking forward to exhibiting and promoting ADIT at future international tax conferences and seminars.

The ADIT student registration fee is due to increase to £180 in 2011.

The Worshipful Company of Tax Advisers is a City of London Livery Company whose objects are primarily to advance the standing and profession of tax advisers but also include the promotion of education in the field of taxation. The Court of the WCTA has decided to award this bursary annually to a deserving candidate for the ADIT qualification.

Eligible Persons

Those permanently resident and studying outside the UK, the Channel Islands and the Isle of Man for the Advanced Diploma in International Taxation (“ADIT”) offered by The Chartered Institute of Taxation (“CIOT”).

Funds Available

A maximum of £1,500 over a 12-month period to be paid against supplier invoices for books, other materials and/or course fees necessary or relevant for the purpose of studying for the ADIT qualification (“Study Materials”).

Criteria

Proven need for financial assistance in paying for the Study Materials. This is to be shown by a general explanation of your financial position on a separate sheet of paper to be attached to the application form. This information will be treated in the utmost confidence and will be destroyed after the decision with regard to the application has been made.

All application forms will be assessed by the CIOT; the Worshipful Company of Tax Advisers will rely heavily on the CIOT’s assessment.

Applications for 2012 should be received by the CIOT on or before 31 October 2011.

The rules and an application form are available to download below. Please read the rules carefully before submitting an application.

CFC and TP are both examinable. The cut off date for all legislation examinable is the end of 2009.

Candidates should also bring in the books as stated in the prospectus. Students are expected to locate the materials listed in the syllabus, including on the SAT's website listed on the Syllabus. The exam is about understanding, application and analysis of the law and regulations rather than memorisation.

ChinaBarbados.pdf

ChinaUKprotocol.pdf

ChinaUKtreaty.pdf