The Chartered Institute of Taxation (CIOT) and ICAS (The Institute of Chartered Accountants of Scotland) Have announced a strategic partnership and a new joint qualification in accountancy and tax.
The strategic partnership builds upon the existing strong relationship between the two professional bodies, who have a history of collaboration on policy and CPD initiatives.
The new joint programme, which will be available from September 2019, allows students to study for both the CA (Chartered Accountant) and CTA (Chartered Tax Adviser) qualifications at the same time.
Students who undertake the joint programme will be able to fast track their studies and become a specialist in tax and accountancy in around three years.
Peter Fanning, Chief Executive of CIOT, said: “Collaborating on the CA CTA programme is the logical next step in a growing relationship between CIOT and ICAS.
“The programme offers students and their employers another path to chartered status in both tax and accounting with the highest professional standards in both disciplines.”
Once successfully completed, students will be able to use the dual CA CTA designation and be eligible to apply for dual membership of ICAS and CIOT.
Bruce Cartwright, CEO of ICAS, said: “We are delighted to be going into partnership with the CIOT and bringing together these two prestigious qualifications.
“This new joint CA CTA programme will deliver benefits to both students and employers and builds upon the proud history of collaboration between our two institutes.”
The joint programme will allow students to specialise in one of three areas of tax:
- Owner-managed businesses
- Major corporates
- Indirect taxation
Members of ICAS with an ITP qualification will also be able to apply to become a member of the CIOT and use the CTA designation.
The joint programme will launch in September 2019.
Notes for editors
A link to a picture of Peter Fanning (L) and Bruce Cartwright (R) can be downloaded at the following link – https://www.tax.org.uk/sites/default/files/CIOT_ICAS_001.JPG
Photo credit John Linton photography.
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The CIOT is the leading professional body in the United Kingdom concerned solely with taxation. The CIOT is an educational charity, promoting education and study of the administration and practice of taxation. One of our key aims is to work for a better, more efficient, tax system for all affected by it – taxpayers, their advisers and the authorities. The CIOT’s work covers all aspects of taxation, including direct and indirect taxes and duties. Through our Low Incomes Tax Reform Group (LITRG), the CIOT has a particular focus on improving the tax system, including tax credits and benefits, for the unrepresented taxpayer.
The CIOT draws on our members’ experience in private practice, commerce and industry, government and academia to improve tax administration and propose and explain how tax policy objectives can most effectively be achieved. We also link to, and draw on, similar leading professional tax bodies in other countries. The CIOT’s comments and recommendations on tax issues are made in line with our charitable objectives: we are politically neutral in our work.
The CIOT’s 18,000 members have the practising title of ‘Chartered Tax Adviser’ and the designatory letters ‘CTA’, to represent the leading tax qualification.
ICAS is a professional body for more than 21,000 world class business men and women who work in the UK and in more than 100 countries around the world. Members have all achieved the internationally recognised and respected CA qualification (Chartered Accountant). ICAS is an educator, examiner, regulator and thought leader. Almost two thirds of ICAS' working membership are in business; many leading some of the UK's and the world's great companies. The others work in accountancy practices ranging from the Big Four in The City to the small practitioner in rural areas.More Articles by Chartered Institute of Taxation (CIOT) ...