The Chartered Institute of Taxation (CIOT), the Irish Tax Institute (ITI) and The Tax Institute of Australia (TTI) have published guidance for tax institutes seeking a licence from the CIOT to grant the designations ‘Chartered Tax Adviser’ and ‘CTA’ subject to conditions1.
The CIOT granted licences to the ITI and the TTI during 2012. Working with the Professional Associations Research Network (PARN), the CIOT, ITI and TTI have set out the process for seeking a licence in two documents2 published today.
Chris Jones, CIOT President said:
“This is a major step forward in the development of an international standard for tax institutes. CIOT, ITI and TTI work in different jurisdictions and continents but we are united by common values and standards which we have now written down. We invite other tax institutes around the world to work with us to develop and promote what we all stand for.”
Stephen Healey, President of The Tax Institute of Australia, said:
“The CTA designation has been welcomed by the tax profession in Australia and we and our colleagues in the UK and Ireland have worked to set out what this means to us and the standards to which we hold ourselves.”
Mary Honohan, ITI President added:
“We have taken our time to develop guidance which we hope will work for tax institutes around the world. Tax is becoming increasingly global and while we may not share a common tax code we can share common values and standards of professional practice.”
Notes to Editors
- In 2012 the CIOT agreed, 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 tax institute meets the requirements set out in the guidance published today by the CIOT, ITI and TTI. Since 2012, 7,000 members of TTI and more than 4,000 Associates of the ITI are able to join the 17,500 members of the CIOT in calling themselves Chartered Tax Advisers and using the coveted designation CTA.
- Published today is the document ‘Becoming an Institute licensed to award Chartered Tax Adviser designation - Guidance for Applicants’, together with examples of how the requirements might be met in a document entitled ‘Becoming an Institute licensed to award Chartered Tax Adviser designation - Examples of evidence required’.