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Tax Institutes Publish Guidance On CTA Licensing

by Robert Lee,, London

29 December 2015

The UK's 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 license from the CIOT to grant the designation "Chartered Tax Adviser (CTA)."

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.

The CIOT has now confirmed that the license will only be granted if it is satisfied and confident that the tax institute meets the requirements set out in the new guidance. The guidance sets out the minimum requirements expected of the organization, its governance, and examination processes. It also sets requirements for the membership of the institute, its complaints and discipline procedures, continuing professional development schemes, and ethical competence.

The CIOT granted licenses to the ITI and the TTI in 2012. Since 2012, 7,000 members of the TTI and more than 4,000 associates of the ITI have been granted use of the designation CTA.

Chris Jones, President of the CIOT, said the publication 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 TTI, 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."

TAGS: tax | Ireland | Australia | United Kingdom | standards | trade association | trade

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