Advanced Diploma in International Taxation

Last updated

Adit-logo.png
AbbreviationADIT
HeadquartersLondon, United Kingdom
Website www.adit.org.uk

ADIT (the Advanced Diploma in International Taxation) is a professional qualification and credential, offered globally by the UK-based Chartered Institute of Taxation (CIOT) to international tax professionals.

Contents

As of January 2019, there were 3,800 ADIT students, graduates and Affiliates in approximately 120 countries. The biggest employers of ADIT professionals are the “Big Four”, major international law firms, industry and commerce, and revenue authorities.

A candidate who successfully completes ADIT is awarded the ADIT credential and can use the letters ‘ADIT’ after their name. Candidates who wish to adhere to professional requirements by retaining an ongoing link with the CIOT can apply to become an International Tax Affiliate of the Chartered Institute of Taxation (an “Affiliate”). The Affiliate package includes access to a number of benefits and resources, including the CIOT’s international branch network. [1]

Governance

The standard of the ADIT credential is overseen and evaluated by an Academic Board of leading international tax academics, to ensure a high standard of technical rigour. The following members comprise the Academic Board:

Academic Board meetings are chaired by Jim Robertson (UN Subcommittee on Extractive Industries Taxation). [2]

The ADIT exams are widely considered to be technically rigorous, with demanding pass requirements for each of the three examinations. Successful candidates take an average of two to three years to earn their ADIT credential. ADIT covers a broad range of topics relating to the OECD Model Convention, double tax treaties, a select number of countries’ tax regimes regarding international tax matters, Transfer Pricing, specific areas of taxation, and transnational tax issues relating to the EU.

Qualification structure

The ADIT qualification structure (click to enlarge) ADIT structure.png
The ADIT qualification structure (click to enlarge)

The ADIT qualification structure includes a mandatory 'Principles of International Taxation' exam, which covers fundamental concepts in international tax. In addition, students are required to select two further exams, from a range of jurisdiction-based and thematic international tax subject areas. [3] The ADIT qualification structure was changed to its present form in 2015. [4]

ADIT exam sessions are organised twice per year, with exams taking place in June and December. Students who complete their final exam during each session receive an ADIT certificate. A record 190 students completed the ADIT qualification during the two sessions in 2017. [5] Students may sit ADIT exams in any major city in the world. Since 2014, ADIT students have been able to sit their exams electronically, using a purpose-built on-screen exam application installed on their own laptop devices.

Sponsored medals and prizes are awarded to students achieving the highest marks in each ADIT exam session. These awards include the International Fiscal Association Prize, [6] the Heather Self Medal, [7] the Raymond Kelly Medal, the Wolters Kluwer Prize, and the Worshipful Company of Tax Advisers Medal. [8]

In addition to the ADIT certificate issued upon achievement of the full ADIT qualification, standalone certificates are also available for students who complete either the 'Module 1 Principles of International Taxation', 'Module 3.01 EU Direct Tax option, 'Module 3.02 EU VAT option', 'Module 3.03 Transfer Pricing option', 'Module 3.04 Upstream Oil and Gas option' or 'Module 3.05 Banking option' exam. A modular certificate is available to any ADIT student who has passed the exams for both Module 1 Principles of International Taxation and one option module.

See also

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References

  1. ↑ "Become an Affiliate". CIOT. Retrieved 9 May 2016.
  2. ↑ "The Academic Board". CIOT. Retrieved 9 January 2019.
  3. ↑ "CIOT: Irish international taxation examination launched". Politics.co.uk. Retrieved 10 May 2016.
  4. ↑ "CIOT changes exam format to improve international tax qualification". CCH Daily. Archived from the original on 5 August 2016. Retrieved 10 May 2016.
  5. ↑ "ADIT results". Taxation magazine. Retrieved 20 February 2018.
  6. ↑ "News: UK International Fiscal Association Prize for ADIT". International Fiscal Association UK. Archived from the original on 13 May 2016. Retrieved 10 May 2016.
  7. ↑ "MIM student obtains Heather Self Medal". Malta Institute of Management. Archived from the original on 13 May 2016. Retrieved 10 May 2016.
  8. ↑ "BDO advisor gets passport to international tax". Londonderry Sentinel. Retrieved 10 May 2016.
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