Chartered Tax Consultant

Chartered Tax Consultant Join the Business Elite. Become a Chartered Tax Consultant. Practical, skills based and real life tax qualification designed by chartered accountants for chartered accountants. In direct response to the demands of members and the needs of the market for specialised skills, ICAI has developed a new qualification exclusively for Chartered Accountants, the Chartered Tax Consultant Qualification. About the Chartered Tax Consultant Qualification Being a Chartered Accountant means you are among the elite of the finance profession and the holder of an instantly recognisable badge of quality and professionalism. You are at the leading edge of the profession, one of the best and brightest and the recipient of an unrivalled training which has equipped you with the core skills and versatility required to succeed in business today. Yours is a qualification which opens many doors and offers a wide variety of avenues and career paths, one of which is specialisation. ICAI has been providing accountancy, tax and finance education for over 120 years, and has the necessary experience and resources required to deliver a 21st Century qualification to meet both the needs of business and the ambitions of our members. As a qualification designed to complement your existing skill set, the Chartered Tax Consultant qualification is the natural choice for Chartered Accountants specialising in Republic of Ireland taxation. The use of the ‘Chartered’ designation denotes quality and will allow you to continue to benefit from the prestige and strength of the Chartered Accountancy brand and qualification. What is Chartered Tax Consultant? Chartered Tax Consultant is an exciting new post qualification programme from ICAI designed for Chartered Accountants. It builds upon ICAI’s reputation for excellence and the calibre of our members, and takes a new approach to taxation education. Innovative approach The design • Designed exclusively for Chartered Accountants the qualification builds upon this base of knowledge, facilitating an intense and accelerated development programme • Cutting edge course design, developed with educational experts to maximise participant’s absorption of the material and its application back in the real world • Designed and developed in consultation with industry leaders to meet the existing and future demands of the marketplace • Competitive and flexible fee structure. The delivery • Delivered by experienced tutors and featuring industry leaders as guest speakers • Timetable structured to meet the needs of participants and the marketplace • Takes a practical approach to topics, moving beyond theory, placing tax into context as encountered in the workplace, integrating accounting, legal and ethical issues • MBA style small class size to facilitate group work and high levels of tutor interaction • Applied case studies based on real life scenarios bring the topic to life • Presented in the new, state of the art ICAI training centre with online supports and materials. The skills • Develops the critical techniques and insights required to understand and apply the source legislation • Develops the skills required to operate as an effective Chartered Tax Consultant including: high impact report writing, how to communicate with clients, Revenue and other professionals, and most importantly take your own informed view of the interpretation and application of tax cases, precedents and tax law. The programme will meet the needs of both employers and course participants, and through the incorporation of cutting edge techniques accelerate participants’ learning and their progress towards being ‘work ready’ in tax. The importance of professional ethics Professional ethics are of fundamental concern to Chartered Accountants and as such they remain at the core of the Chartered Tax Consultant Qualification informing every aspect of their work. Accordingly, it is expected that the Chartered Accountant and Chartered Tax Consultant will at all times maintain the highest standards of integrity and independence in accordance with the strict ethical guidelines set down by ICAI. (See www.icai.ie) Taking the panoramic view In order to truly add value effective Tax Consultants must be cognisant of all the issues affecting taxation. This approach matches the ‘best practice’ model, one that encourages the development of the entire set of competencies required of leading professionals today. Functional competencies include: • a detailed understanding and ability to apply Irish tax legislation, along with an understanding of international sources of tax law such as the The European Commission, European Court of Justice and OECD Tax Treaty Convention • the identification and communication of tax issues to legal and accountancy professionals • the ability to compute and review tax computations, and identify and assess risks in all aspects of tax compliance and tax planning • the application of research and methodology to all aspects of tax planning and compliance. Business competencies include: • commercial understanding and ability to assess consequences of tax planning and compliance through awareness of legal issues, finance issues and accountancy issues • communication skills focused on effective listening, negotiation, advocacy and representation when interacting with clients, colleagues, Revenue and other professionals • writing skills focused on professional letter writing and report writing techniques and styles required for the particular engagement. Core professional competencies include: • Ethics & Professionalism • Objectivity • Perceptiveness of own knowledge, values & limitations. The future The new qualification will, as with Chartered Accountancy, become the qualification of choice for tax professionals both in practice and in industry. The programme will produce tax consultants of the highest calibre who will, through their involvement in the programme, quickly begin to make increased contributions to their employers. What’s involved in becoming a Chartered Tax Consultant? Building upon the taxation knowledge gained at FAE, the programme will quickly and comprehensively equip you with the skills and expertise required to be a competent Chartered Tax Consultant. Course structure Building upon the taxation knowledge gained at FAE Tax (Stage 1 Chartered Tax Consultant) the programme will quickly and comprehensively equip you with the skills and expertise required to act competently as a Chartered Tax Consultant. Offered over one calendar year the intense programme will follow a challenging pace. The post CA programme will be divided into two progressive stages: Stage 2 Chartered Tax Consultant - Applied Tax Stage 3 Chartered Tax Consultant - Integrated Tax Consultancy Each of these will be assessed through a combination of continuous assessment (home assignments) and end of stage open book examinations. Progress to Stage 3 Integrated Tax Consultancy is conditional upon the successful completion of Stage 2 Applied Tax. Stage 2 Applied Tax The objective of the Stage 2 Applied Tax is to teach the structure of tax policy, sources of tax law, Irish tax legislation and tax compliance under each tax head. In Applied Tax your research, communication, and report writing skills will be developed and tested. These same techniques will then be practiced and perfected over the remainder of the programme as you will be expected to demonstrate them in all your home assignments. Applied Tax comprises 8 modules: Module 1 The construction of tax legislation and tax law Module 2 Research and professional communication skills Module 3 Accounting for tax The next five modules teach the core technical skills from legislation to practical compliance under each tax head. This involves taking an in-depth review of the key sections of the legislation, case law, EU laws and directives under each tax head along with a detailed study of computations of liabilities, reliefs and compliance rules and procedures under each tax head. Module Module Module Module Module 4 5 6 7 8 Income Tax, from legislation to application Capital Gains Tax, from legislation to application Corporation Tax, from legislation to application Value Added Tax, from legislation to application Capital Gains Tax/Stamp Duty from legislation to application Syllabus A detailed syllabus is available online, go to www.icai.ie/charteredtax Offered over one calendar year the intense programme will follow a challenging pace. Stage 3 Integrated Tax Consultancy The objective of Integrated Tax Consultancy is to integrate tax, accountancy and legal concepts in practical tax consultancy topics taught in a comprehensive case study approach. The combination of Applied Tax and Integrated Tax Consultancy will ensure that the successful candidate has a rigorous understanding of key tax concepts, tax legislation and the ability to interpret tax consultancy to the client, legal professionals and accountancy professionals. The Integrated Tax Consultancy comprises 12 modules: Module 1 Legal Concepts for Tax Planning Module 2 Small & Medium Sized Entities Module 3 Remuneration & Rewards Module 4 Losses & Charges Module 5 Land & Property Tax Issues Module 6 Individual & Corporate Investors Module 7 Succession Planning Module 8 Revenue Interventions Module 9 International Tax Issues Module 10 Holding Companies Module 11 Withholding Taxes Module 12 Re-organisations, Liquidations & Sales Full programme timetable The programme will commence in January 2011 with Applied Tax, to secure a place you must return your completed application by 1st September 2010. Stage 2 Applied Tax The programme will take place on Friday/Saturday 2 to 3 times per month, commencing on the 7th January 2011 and running to 18th March 2011. Class times: Fridays 2.00 pm - 7.00 pm Saturdays 9.00 pm - 4.30 pm. The scheduling of the continuous assessment assignments will be confirmed closer to the commencement of the course. The two exams are scheduled for the 8th and 9th of April 2011. Please note that course and exam dates may change in response to any alteration in tax filing deadlines. Stage 3 Integrated Tax Consultancy As with Applied Tax the programme will take place on Friday/Saturday approximately twice per month, commencing in May 2011 and running to November 2011. There will be a scheduled ‘holiday’ break in August with another break in October around tax deadlines. Class times: Fridays 2.00 pm - 7.00 pm Saturdays 9.00 pm - 4.30 pm The scheduling of the continuous assessment assignments will be confirmed closer to the commencement of the course. The two exams are scheduled for the 16th and 17th of December 2011. NB: The programme requires active participation throughout including group discussions, pre-class reading and in-class participative activities. Full attendance at each module is an integral part of the successful completion of the programme. What are the entry requirements to the Chartered Tax Consultant programme? Your first step in qualifying as a Chartered Tax Consultant is to enroll on the tax education programme with ICAI. Who can become a Chartered Tax Consultant? • Participants sitting the Chartered Accountant Final Admitting Examination (FAE) under the new syllabus, available from autumn 2010, must take the ROI FAE tax elective as a precondition to undertaking Chartered Tax Consultant Programme. The tax elective can be taken when sitting the FAEs or at a later date. • Members who have successfully completed their FAEs under the ‘old’ syllabus, prior to autumn 2010 can also enter at “Stage 2 Applied Tax” of the Chartered Tax Consultant Programme. • Members who have successfully completed their FAEs before autumn 2010 and who have successfully completed the AITI programme with the Irish Taxation Institute are exempt from the “Stage 2 Applied Tax” of the Chartered Tax Consultant Programme. The entry level for such participants will be “Stage 3 Integrated Tax Consultancy” of the Chartered Tax Consultant Programme. • All successful candidates of the Chartered Tax Consultant programme are eligible to apply to use the designation “Chartered Tax Consultant” provided he or she has applied and had their admission confirmed to ICAI as a Chartered Accountant. Registering for Chartered Tax Consultant programme How do I enroll? Participants can register in the following ways: • Online at www.icai.ie/charteredtax • Complete the application form to the rear of this brochure and return it to ICAI. In order to qualify as a Chartered Tax Consultant you must enroll upon the approved education programme with ICAI and complete the required assignments and examinations. What is the deadline? To reserve a place, applicants must enroll and pay a deposit of €150 to ICAI by 1st September 2010. The deposit is refundable if you are unsuccessful in your FAE exams. The balance of the course fee will become due 30th November 2010. Incomplete or incorrect applications will be returned to the applicant. A late fee of €300 is applicable for all registrations received after 1st September 2010. Late applicants may also experience delays in the issue of course materials. Based on the high volume of enquiries to date, early registration is recommended as places will be limited. Subscriptions An annual subscription will be payable for the accreditation Chartered Tax Consultant. This will be in addition to the annual subscription payable in respect of the Chartered Accountant accreditation. The fees payable? A fee is payable for each stage of the Chartered Tax Consultant qualification programme which will cover registration, course materials, tuition and examination fees. Course fees 2011 Applied Tax Integrated Tax Consultancy €1,750 €2,250 All fees are subject to annual review and are not refundable or transferable. Further fees will be payable for assignment or exam rechecks or repeats. What must I do to use the designation Chartered Tax Consultant? Upon successful completion of the Chartered Tax Consultant programme, you are eligible to apply to use the designation “Chartered Tax Consultant”. A separate admission fee for Chartered Tax Consultant will not be payable, however the admission fee as a Chartered Accountant and the Chartered Accountant subscription fees must be fully paid and up to date. The annual subscription fee for Chartered Tax Consultant is €175 but will be subject to periodic review. Will Chartered Tax Consultant have additional CPD requirements? No, Chartered Tax Consultants do not have any additional CPD requirements. Their CPD requirements are governed by the regulations already applicable to members as Chartered Accountants. (See www.carb.ie/cpd for more information). Structured and unstructured CPD hours may be claimed for your participation in the programme. Tax.point The Chartered Tax Consultant subscription fee includes complementary access to Tax.point, normal cost of an annual subscription is €175. Tax.point is a monthly publication from ICAI and provides independent coverage of all important tax developments, expert commentary on very recent tax cases (Irish, UK and EU), summaries of changes in tax law and cases and the full text of new important source materials. Apply now to become a Chartered Tax Consultant Application Form Stage 2 Applied Tax Please complete and return to: Mr. Joe Carroll, The Institute of Chartered Accountants in Ireland, Burlington House, Burlington Road, Dublin 4 Telephone: + 353 (01) 637 7316 Fax: + 353 (01) 668 5685 Email: charteredtax@icai.ie Name Company/firm name ICAI membership/student number Contact address Contact telephone Contact email If you wish for your firm to be invoiced please provide the relevant details: Contact name/address Please choose payment Applied Tax Stage 2 deposit 150 Applied Tax Stage 2 full fee 1750 NB: The €150 deposit is due immediately; the remainder of the fee will fall due on the 30th November 2010. You or your firm (please indicate above) will be invoiced for the remaining fee prior to this. Ask about our installment payment option Payment I enclose a cheque made payable to ICAI for Or Please charge my Mastercard/Visa Card for Credit card no. Expiry date Signature of cardholder Office use only: The closing date for receipt of applications for is 1st September 2010, applications received after this date will incur a €300 late fee in addition to the standard course fee. Applicants eligible to commence the programme at Stage 3 Chartered Tax Consultant - Integrated Tax should contact us directly for more details regarding how to apply. Data Protection Please be advised that your personal information will be processed in accordance with the Data Protection Acts 1988 and 2006. The financial information will only be used for the purposes of processing this booking. Programme Disclaimer All information in this brochure is correct at the time of printing. If unforeseen circumstances occur, ICAI reserves the right to change the programme. The course materials and content are prepared for the continuing development of participants and while trusting that it will be useful for this purpose, the ICAI cannot warrant that the use of this material would be adequate to discharge the legal or professional liability of participants in the conduct of their practice or business operations. Security/CVC code (last 3 digits of number on reverse of card) Chartered Tax Consultants will be supported by the ICAI Tax Department, who provide information on tax developments and make representations on behalf of ICAI members. Representing • Submissions are made on technical matters and at Budget and Finance Bill time • Representing ICAI at the Tax Administration Liaison Committee (Revenue Commissioners), the Agents and Advisors Steering Group (HM Revenue and Customs) and in the media. Information services Three dedicated news services for our members – ICAI Tax, tax.point and TaxSource. • ICAI Tax, a weekly newsletter (free of charge to all members) • tax.point, a monthly publication providing coverage of all important tax developments, expert commentary on tax cases (Irish, UK and EU), summaries of changes in tax law and cases and the full text of important source materials • TaxSource is an on-line tax research service, and hosts consolidated editions of Irish tax law. In addition, the team contributes to a wide variety of ICAI publications, including eNews, Accountancy Ireland, Practice Matters and Business Matters. Training programmes The Tax Department is engaged in the provision of tax CPD activities and has been integral in the development of Chartered Tax Consultant. As a qualification designed to complement your existing skill set, the Chartered Tax Consultant qualification is the natural choice for Chartered Accountants specialising in taxation. The use of the ‘Chartered’ designation denotes quality and will allow you to continue to benefit from the prestige and strength of the Chartered Accountancy brand and qualification. Dublin The Institute of Chartered Accountants in Ireland, Burlington House, Burlington Road, Dublin 4 Phone: +353 1 637 7200 Fax: +353 1 668 0842 Email: ca@icai.ie Website: www.icai.ie Belfast The Linenhall, 32-38 Linenhall Street, Belfast, BT2 8BG Phone: +44 28 9032 1600 Fax: +44 28 9023 0071 Email: ca@icai.ie Website: www.icai.ie