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.

Activities and membership

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. The CIOT administers and awards two qualifications: the CTA (Chartered Tax Adviser) qualification for domestic tax practitioners in the United Kingdom, and

ADIT An adit (from Latin ''aditus'', entrance) is an entrance to an underground mine which is horizontal or nearly horizontal, by which the mine can be entered, drained of water, ventilated, and minerals extracted at the lowest convenient level. Adit ...

(the Advanced Diploma in International Taxation) for international tax professionals around the world. Membership is awarded on passing the Institute's CTA examinations and completing three years' practical taxation experience. Members may use the letters CTA (Chartered Tax Adviser), formerly ATII (Associate of the Taxation Institute Incorporated). Members who joined before the change in designatory letters to CTA may continue to use ATII if they wish. 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. Since 2014, the CIOT and Institute of Chartered Accountants in England and Wales (ICAEW) have offered the ACA/CTA Joint Programme, a combined route which allows tax students to achieve both prestigious qualifications in a shorter length of time.

Foundation

The Institute of Taxation (the forerunner of the Chartered Institute) was formed in 1930, incorporated as a Company Limited by Guarantee. The Chartered Institute is incorporated by

Royal Charter A royal charter is a formal grant issued by a monarch under royal prerogative as letters patent. Historically, they have been used to promulgate public laws, the most famous example being the English Magna Carta (great charter) of 1215, bu ...

. One of the founder members was Ronald Staples, the founding editor of

Taxation Magazine ''Taxation'' is an English-language weekly magazine for professional UK tax advisors. 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 h ...

. It was originally proposed to use 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 Européenne CFE Tax Advisers Europe, formally known as Confédération Fiscale Européenne (CFE), is a Brussels-based umbrella association of European tax advisers. It was founded in 1959. CFE's members are 33 national tax adviser organisations from 26 European ...

(CFE).

Mergers

The 500 members of the

Institute of Indirect Taxation The Institute of Indirect Taxation (IIT) was a distinct professional body in the United Kingdom prior to its merger with the Chartered Institute of Taxation in August 2012. Members of the IIT specialised in the study and practice of indirect ta ...

(IIT) became members of the CIOT in August 2012 following the memberships of both bodies approving the merger of the two bodies at separate meetings in May 2012.

Partnerships

* The CIOT owns a significant collection of taxation-related literature which is held in

King's College London King's College London (informally King's or KCL) is a public research university located in London, England. King's was established by royal charter in 1829 under the patronage of King George IV and the Duke of Wellington. In 1836, King's ...

Maughan Library The Maughan Library () is the main university research library of King's College London, forming part of the Strand Campus. A 19th-century neo-Gothic building located on Chancery Lane in the City of London, it was formerly the home to the headq ...

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 Technicians The Association of Taxation Technicians or ATT, is a leading professional body in the UK for those providing tax compliance services and related activities. It is registered with The Charity Commission in the U(803480) The association has over 9, ...

Arms

References

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Chartered Institute of Taxation 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. Activit ...

Taxation A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal person, legal entity) by a governmental organization in order to fund government spending and various public expenditures (regiona ...

1930 establishments in the United Kingdom Tax practitioner associations Professional certification in finance