The Chartered Institute of Taxation (CIOT) are launching a Transfer Pricing Option Examination Paper. This is a new option available as either a stand alone Certificate or as part of the international tax qualification, ADIT (Advanced Diploma in International Taxation). The Certificate is achieved by passing a supervised three hour written exam available in 200 locations in 140 countries around the world, once a year.
Further information on ADIT and the Transfer Pricing Certificate is available on the ADIT website at http://www.tax.org.uk/adit.
The Transfer Pricing Certificate is a global benchmark of quality and achievement and an independent means of demonstrating transfer pricing expertise.
Employers can be assured of the competence of their transfer pricing teams, gaining an edge on their competitors, and providing reassurance to clients. Because there are flexible study options – no required courses or training organisation – this makes it ideal for the busy professional with work commitments.
Introducing the examination, Richard Collier, Tax Partner at PwC and member of the CIOT ADIT Sub-Committee, said:
“The Transfer Pricing Exam and Certificate meets the needs of specialists from professional services firms, multinational corporations, tax authorities, and academics who specialise in transfer pricing and are looking for a global benchmark.
“As multinational corporations evolve into true global enterprises, compliance with the differing requirements of multiple overlapping tax jurisdictions has become a complicated and expensive task.
“In response to these factors, tax authorities around the world have become more aggressive in the transfer pricing arena.
“This intense scrutiny implies significant risks for the unwary and the unprepared, particularly in a complex field such as transfer pricing.”
Further information on ADIT and the Transfer Pricing Certificate is available on the ADIT website at http://www.tax.org.uk/adit.
Notes to editors
- ADIT (Advanced Diploma in International Taxation) professional designation is a modular qualification and is awarded when all stages have been completed.However, all papers may be sat at one sitting over three days.It consists of three papers although a thesis may be substituted for either Paper II or Paper III (but not both).For further details please see the ADIT website: www.tax.org.uk/adit.
- The ADIT qualification is awarded by the Chartered Institute of Taxation (CIOT). The CIOT is a charity and the leading professional body in the United Kingdom concerned solely with taxation.Its Royal Charter is one of its governing documents. The Royal Charter is for bodies that work in the public interest (such as professional institutes and charities) and demonstrate pre-eminence, stability and permanence in their particular field. As the CIOT is also registered as a charity, it is regulated by the Charities Commission of the UK Government.
- The CIOT’s primary purpose is to promote education and the study of the administration and practice of taxation.One of the key aims is to achieve a better, more efficient, tax system for all affected by it – taxpayers, advisers and the authorities.
