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CTA exam makeover
The Chartered Institute of Taxation unveiled its new-look CTA exams in early September, to much applause.
The big story is the move to make the CTA qualification open to all from 2019. The requirement for students to have a prior qualification, which enables them to claim a ‘Confirmation of Eligibility’ to sit, will be dropped in January 2019.
The move, however, comes with a warning from CIOT President John Preston. He stressed that the CTA exams are set at a high standard and in order to give yourself the best chance of success, students who do not have a previous qualifications in accounting or law will be strongly advised to register for the Tax Pathway route to qualification (https://hub.tax.org.uk/pathway).
The current ‘five sitting rule’ will also be extended to seven from
1 November. That means the exam passed at the November 2017 sitting will be valid up until and including the May 2021 exam session.
With effect from the May 2018 CTA exam session, the two Advisory exams (TOMC & ACT) will be merging into one exam – Taxation of Major Corporates.
Transitional provisions for existing students have also been put in place to ensure the changes are as straightforward as possible, and the CTA is promising that the changes will not unfairly disadvantage any of its students.
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