The Chartered Institute of Taxation
Encyclopedia
The Chartered Institute of Taxation (CIOT) is a registered charity (number 1037771) and the leading professional body in the United Kingdom
concerned solely with taxation. The CIOT deals with all aspects of direct and indirect taxation.
Membership is awarded on passing the Institute's examination and completing 3 years' practical UK taxation experience. Members may use the letters CTA (Chartered Tax Adviser), formerly ATII (Associate of the Taxation Institute Incorporated). The CIOT describes its qualifications as the ' gold standard'.
Fellowship is available following the submission of a thesis or a body of work. Fellow members may use the letters CTA(Fellow), formerly FTII, after their name to indicate fellowship.
. The Chartered Institute is incorporated by Royal Charter
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One of the founder members was Ronald Staples, the founding editor of Taxation Magazine
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It was originally proposed to used the letters ATI (Associate of the Taxation Institute) and FTI (Fellow of the Taxation Institute). When it was discovered that these letters had already been allocated to the Textiles Institute, an extra "I" was added to each set of letters, standing for "Incorporated".
(CFE).
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
concerned solely with taxation. The CIOT deals with all aspects of direct and indirect taxation.
Activities
The primary purpose of the CIOT is to promote education in and the study of the administration and practice of taxation. One of its key aims is to achieve a better, more efficient, tax system for all affected by it - taxpayers, advisers and the authorities. The CIOT’s comments and recommendations on tax issues are made solely in order to achieve its aims: it is entirely apolitical in its work.Membership is awarded on passing the Institute's examination and completing 3 years' practical UK taxation experience. Members may use the letters CTA (Chartered Tax Adviser), formerly ATII (Associate of the Taxation Institute Incorporated). The CIOT describes its qualifications as the ' gold standard'.
Fellowship is available following the submission of a thesis or a body of work. Fellow members may use the letters CTA(Fellow), formerly FTII, after their name to indicate fellowship.
Foundation
The Institute of Taxation (the forerunner of the Chartered Institute) was formed in 1930, incorporated as a Company Limited by GuaranteeCompany limited by guarantee
In British and Irish company law, a private company limited by guarantee is an alternative type of corporation used primarily for non-profit organisations that require legal personality. A guarantee company does not usually have a share capital or shareholders, but instead has members who act as...
. The Chartered Institute is incorporated by Royal Charter
Royal Charter
A royal charter is a formal document issued by a monarch as letters patent, granting a right or power to an individual or a body corporate. They were, and are still, used to establish significant organizations such as cities or universities. Charters should be distinguished from warrants and...
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One of the founder members was Ronald Staples, the founding editor of Taxation Magazine
Taxation Magazine
Taxation is an English language weekly magazine for professional UK tax advisers. It is owned by LexisNexis, part of Reed Elsevier. The magazine is edited in the LexisNexis Sutton office. The first issue was published on 1 October 1927 and it has been in continuous publication ever since...
.
It was originally proposed to used the letters ATI (Associate of the Taxation Institute) and FTI (Fellow of the Taxation Institute). When it was discovered that these letters had already been allocated to the Textiles Institute, an extra "I" was added to each set of letters, standing for "Incorporated".
Affiliations
The Institute was the first UK tax body to join the Confédération Fiscale EuropéenneConfédération Fiscale Européenne
The Confédération Fiscale Européenne was founded in the year 1959 in Paris. The CFE is an umbrella organisation that embraces 33 national organisations from 25 European States and within them over 180,000 tax advisers....
(CFE).
Partnerships
- The Chartered Institute of Taxation (CIOT) and ACCAAssociation of Chartered Certified AccountantsFounded in 1904, the Association of Chartered Certified Accountants is the global body for professional accountants offering the Chartered Certified Accountant qualification . it is one of the largest and fastest-growing global accountancy bodies with 147,000 members and 424,000 students in 170...
(Association of Chartered Certified AccountantsAssociation of Chartered Certified AccountantsFounded in 1904, the Association of Chartered Certified Accountants is the global body for professional accountants offering the Chartered Certified Accountant qualification . it is one of the largest and fastest-growing global accountancy bodies with 147,000 members and 424,000 students in 170...
) have signed a global partnership agreement to enable ACCA’s members worldwide to take the CIOT’s Advanced Diploma in International Taxation (ADIT). - CIOT members may obtain an accelerated route to membership of the Institute of Chartered Accountants of ScotlandInstitute of Chartered Accountants of ScotlandThe Institute of Chartered Accountants of Scotland is the Scottish professional body of Chartered Accountants . It is a regulator, educator and influencer.ICAS act as a thought leader and voice of the professional business community...
. Details - The CIOT owns a significant collection of taxation-related literature which is held in King's College London'sKing's College LondonKing's College London is a public research university located in London, United Kingdom and a constituent college of the federal University of London. King's has a claim to being the third oldest university in England, having been founded by King George IV and the Duke of Wellington in 1829, and...
Maughan Library and is made available to both CIOT and King's College members. - Although an independent organization, the CIOT shares back-office services with the Association of Taxation TechniciansAssociation of Taxation TechniciansThe Association of Taxation Technicians, or ATT, is the leading professional body in the UK for those providing tax compliance services and related activities, with over 6,000 members.The ATT is based in London, UK....
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