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Presidents explore how CIOT and ICAEW work together

ICAEW President, Paul Aplin, and CIOT President, Ray McCann, explored the relationship between the two Institutes in a special session at October’s Practical Tax Conference.

Afterwards, they spoke to Jane Walker about the merits of working together and how such a relationship works.

Integrated thinking

“There’s always been a relationship there, but it’s really broadened out over the last couple of years” says Ray “we have more meetings, so there are more opportunities to discuss issues – there are ICAEW people who are office holders with us and vice versa – so it’s an almost continuous dialogue now.”

Ray adds, “Both organisations face many of the same challenges, and whilst both have unique issues to face, the big issues – such as working with HMRC – are largely the same. Responding to consultations in a joined up way, for example, helps parliamentarians best understand the problems that exist within the tax system and which will arise in it in the future”.

Paul agrees, “From a public policy perspective, together we have more impact with politicians and HMRC”.

Complimenting not conflicting… 

Common concerns, such as tax and dealing with HMRC, means that teaming up is a logical – and practical – move, as Paul explains, “It makes sense to work together at office holder level, and to take consistent positions where we can; it also makes sense to share technical resources rather than both bodies covering the same ground”.

Of course, whilst ICAEW and CIOT share many views, not everything overlaps, but Ray believes that this too is advantageous, “On issues where we’re not fully aligned, it allows us to see how our respective organisations have approached finding solutions to similar problems.”

Ray and Paul talk to each other every week “neither of us are afraid to speak our minds,” says Ray, “I think that really helps everyone”.

About the Practical Tax Conference

The annual Practical Tax Conference is jointly organised by ICAEW Scotland and ICAEW Northern Region. The residential course takes place every autumn and is designed with the CPD needs of practitioners and those in smaller practices in mind.

The 2019 event takes place on 4 & 5 October at the MacDonald Marine Hotel, North Berwick, you can register your interest now, ensuring that you’ll be kept up-to-date on all the latest information, including booking details when they go live.