If you are working in taxation a formal qualification will help progress your career. There are three major bodies that award tax qualifications - the Association of Taxation Technicians (ATT), the Chartered Institute of Taxation (CIOT) and the Institute of Indirect Taxation (IIT).
The examinations for the Chartered Institute of Taxation are widely recognised as some of the most demanding professional exams. The qualification therefore commands considerable prestige. Members of the Institute earn the right to the title Chartered Tax Advisor (CTA), the premier and most specialised tax qualification available in the UK.
CTAs generally work with a portfolio of companies or individuals in a planning and advisory capacity, trying to create the best tax strategies for them. The work can involve explaining the complexities of the tax system as well as advising on ways of playing an active part in financial planning and advising in business transactions, such as mergers or disposals.
In order to sit the CTA, students need a certificate of eligibility. This is granted in a number of different circumstances. The most common route is to pass the qualifying examinations of certain professional bodies (eg Taxation Technicians - ATT, Chartered, Certified or Cost and Management Accountants, Solicitors or Barristers). The certificate is also granted to those who have passed the Inland Revenue FT2 or Customs and Excise VAT Legal and Technical training examinations.
Source: www.tax.org.uk
The Chartered Institute of Taxation
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Web: www.tax.org.uk