The Taxation of Major Corporates specialism, developed by ICAEW and CIOT, is designed for tax professionals specialising in the tax affairs of private businesses from the start of their training.
A summary of the Taxation of Major Corporates specialism to ACA and CTA
Students sit 14 of the 15 ACA modules (excluding Business Planning: Taxation), the CTA Advanced Technical examination: Taxation of Major Corporates, plus the CTA Professional Responsibilities & Ethics Computer Based Examination. Students then choose from a CTA Advanced Technical Examination, CTA Application and Professional Skills Case Study or CIOT ADIT examination.
Students will be eligible to become an ICAEW and CIOT member on successful completion of the ACA and CTA modules and examinations, alongside the professional development, ethics and relevant professional experience components.
This programme can be undertaken by current and new ACA students.
Do not book the CTA exams on the same date and time as any ICAEW exam entries as you will not be able to sit both papers at the same time.
Taxation of Major Corporates: Syllabus Outline
The syllabus for TOMC is set out in the syllabus grid. All topics within the syllabus grid should be covered to some degree in the manual. However the issue is depth. On any given topic, all of or any part of the tax legislation relating to that topic may be examined (unless expressly excluded by the syllabus grid). So it is not possible to include absolutely everything there is on every topic in the TOMC manual without making it far too large. (For example a candidate may look at a piece of legislation and note that there is a greater level of detail than found in the manual).