The Chartered Institute of Taxation (CIOT) has announced that it has licensed The Tax Institute (TTI) of Australia to grant the designations ‘Chartered Tax Adviser’ and ‘CTA’ to appropriate of its members as the next step in developing the CTA brand as an international ‘Gold Standard’ in tax.
This follows the granting of the same right to the Irish Tax Institute (ITI) earlier this year.
Under the agreement, the 13,000 members of TTI will be able to apply to their body for Chartered Tax Adviser status. If accepted they will join the existing 16,000 CIOT members and more than 4,000 Associates of the ITI (AITIs) in being able to call themselves CTAs.
Speaking in Sydney at the announcement, CIOT immediate past President Anthony Thomas said:
“The Tax Institute of Australia has a well deserved reputation for technical excellence and high professional standards. In granting them the right to designate appropriately qualified of their members as CTAs we are pursuing our aim of recognising and promoting the highest standards of tax advice internationally.
“The CTA brand is highly recognised and very well respected in the UK, but 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 want to make it the global ‘go-to’ brand for high quality tax advice.”
Ken Schurgott, President of The Tax Institute of Australia, said:
“This new designation illustrates the esteem in which The Tax Institute’s programmes and the reputation of its members is held internationally. We are delighted to be collaborating with the CIOT in promoting excellence in tax advice.”
Current CIOT President Patrick Stevens added:
“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. Whether in the UK, Ireland, Australia or elsewhere, the CTA designation will remain a mark of quality and professionalism.”
Notes to Editors
- 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
2. There is an information note about what people can expect from a CTA at http://www.tax.org.uk/about_the_ciot/int_stand
29 May 2012