Question 1

What is the mission of THE CHARTERED INSTITUTE OF TAXATION?

Accepted Answer

As an educational charity, we work to improve the administration and practice of taxation to the benefit of all affected by it: protecting the public by monitoring Chartered Tax Advisers' compliance with regulations; setting and administering tax examinations; advising government on proposed and enacted tax legislation; giving general tax education on websites; and making grants for tax research.

Question 2

What is the financial size of THE CHARTERED INSTITUTE OF TAXATION?

Accepted Answer

THE CHARTERED INSTITUTE OF TAXATION is classified as a major charity. In the latest financial year, they reported a total income of £12,136,000 and total expenditure of £11,846,000.

Question 3

How does THE CHARTERED INSTITUTE OF TAXATION allocate its spending?

Accepted Answer

For every pound spent, approximately 99.6% goes directly to charitable activities. The remaining 0.4% is spent on raising funds and administration. This is higher than the median for similar-sized charities (96.6%).

Question 4

What is the workforce structure of THE CHARTERED INSTITUTE OF TAXATION?

Accepted Answer

THE CHARTERED INSTITUTE OF TAXATION employs 100 staff members and is supported by 700 volunteers.

Question 5

Does THE CHARTERED INSTITUTE OF TAXATION receive government funding?

Accepted Answer

To a small extent. Approximately 0.2% of their income comes from government grants or contracts.

Question 6

Does THE CHARTERED INSTITUTE OF TAXATION pay its trustees?

Accepted Answer

Yes, the latest data indicates that one or more trustees receive payments or personal benefits from the charity.

THE CHARTERED INSTITUTE OF TAXATION

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