New CIOT President: Stamping out tax avoidance schemes in the interests of tax collectors, consumers and the tax profession
The new President of the Chartered Institute of Taxation (CIOT), Peter Rayney, today said that revenue protection, consumer protection, and the reputation of the tax profession all demand that tax avoidance schemes are ‘stamped out’.
He also welcomed last week’s government proposal that all tax advisers should be required to have professional indemnity insurance - as professional body members already do – to provide basic protection for their clients.
Peter Rayney was speaking in his inaugural speech as CIOT President this afternoon, as a new presidential team took office. At an online handover ceremony Peter accepted the badge of office from outgoing President Glyn Fullelove, Susan Ball took over from Peter as Deputy President and Gary Ashford took over from Susan as Vice President.
Peter Rayney also:
- Praised Institute staff, volunteers and outgoing President Glyn Fullelove for their response to the coronavirus pandemic, thanking the Institute’s leaders for having ‘steered us through a potentially perilous year’;
- Said that while he ‘can’t wait’ for physical branch meetings to restart the Institute should respond to the success of its online seminars and debates by keeping these going beyond the pandemic;
- Promised the Institute’s continuing support to government and Parliament in their deliberations on tax reform.
Peter concluded his remarks on a positive note:
“2020 has been a year of tragedy, upheaval and uncertainty. But our profession is robust and our Institute remains strong. Our work has never been more necessary. I am very thankful to have a wise and enthusiastic Presidential team working with me – Susan Ball (Deputy President), Gary Ashford (Vice President) and, of course, Glyn as Immediate Past President. I am proud that, for the next 18 months, I will be leading the CIOT as your 56th President.”
Susan Ball, new CIOT Deputy President, commented:
“It is a privilege to take on the role of Deputy President of the Institute. As we continue to experience the ever evolving impact of COVID-19 on both our personal and professional lives now more than ever we have seen how important our networks are to us, the influence we can have and the speed at which we can adapt. I look forward to supporting and working with Institute colleagues, volunteers and members to ensure the long term success of the Institute, and to make sure our voice is heard on the new tax laws which undoubtedly will be ahead.”
Gary Ashford, new CIOT Vice President, commented:
“I am honoured to join the CIOT presidential team. The Institute, as the pre-eminent professional body for taxation, has a leading role to play in the changes now taking place in tax administration and policy. In particular I am keen to help our members and the public in preparing for and integrating themselves into the developing digital economy, which has taken on even more prominence with COVID-19. Additionally, I am keen to contribute to the debate on tax reform, including the transition towards sustainable taxation, as the country and the world look towards and commit to a net zero carbon future.”
Notes for editors
1. The CIOT Presidential handover ceremony took place between 16.35 and 17.00 today, Tuesday 17 November 2020. The ceremony was part of an early evening virtual conference on ‘Tax strategies for Covid-19 recovery’ which has been held to raise funds for the charities Tax Aid and Tax Help for Older People. Peter Rayney’s full speech is available here.
Usually the presidential handover takes place in May, as part of the Institute’s Annual General Meeting, and presidents serve a 12 month term. However this year, due to the disruption caused by covid-19, it was agreed that Glyn Fullelove would extend his term of office to serve 18 months, with Peter Rayney taking over in November 2020 and also serving 18 months, handing over to his successor in May 2022. This year’s CIOT AGM took place online on 28 July.
2. Peter Rayney – new CIOT President
Peter Rayney practices as an independent tax consultant. His main specialisms are corporate tax, company reorganisations, corporate finance tax (including company sales and acquisitions) SDLT, IHT and all aspects of owner managed business taxation.
Peter worked at BDO LLP for nearly 20 years, acting most recently as their National Tax Technical Partner. He is a widely-recognised tax author and lecturer and regularly contributes to the professional press. He has won Taxation's 'Tax Writer of the Year' award an unprecedented three times in 2002, 2014 and 2018. He is a past chair of the ICAEW Tax Faculty’s Technical Committee.
3. Susan Ball – new CIOT Deputy President
Susan Ball is a partner at RSM covering employment and off-payroll working related taxes and national insurance matters. She has over 30 years' professional experience, dealing with all aspects of PAYE and Social Security in the UK and overseas as well as the Construction Industry Scheme, employee benefits and expenses, compliance and employment status issues together with reward planning including salary sacrifice.
Susan has been a CIOT Council member since 2017. She is a member of CIOT’s Employment Taxes Sub-Committee and a past Joint Chair and founder member of the CIOT/ATT Suffolk Branch. She writes and lectures on employment tax and national insurance.
4. Gary Ashford – new CIOT Vice President
Gary Ashford is a tax partner (non-lawyer) at law firm Harbottle & Lewis, specialising in international contentious tax matters, and advising clients in the areas of residence, non- domicile, transfer pricing, property, corporate and employment tax. He previously held senior positions at HMRC and leading accountancy firms.
Gary is a Vice President of CFE (Tax Advisers Europe), the umbrella body for tax professional bodies in Europe. He is an author for Bloomsbury and a lecturer on international tax matters. He is a former chair of the CIOT’s Management of Taxes Committee.