I am Honoured and humbled to become the CIOT’s 56th President

I was honoured and humbled to become the Chartered Institute of Taxation’s (CIOT) 56th President yesterday at a moving online handover event.  The event also featured a number of technical lectures and raised monies for the important ‘Bridge The Gap’ Tax Charities..

Inaugural President's Speech

Inaugural President’s Speech

An extract of the CIOT’s social media post on LinkedIn appears below

“Congratulations to Peter Rayney, the new President of CIOT.

Peter practices as an independent tax consultant, specialising in corporate tax & owner managed business tax.

Speaking at an online handover ceremony this afternoon, Peter said that revenue protection, consumer protection, and the reputation of the tax profession all demand that tax avoidance schemes are ‘stamped out’.

He welcomed last week’s government proposal that all tax advisers should be required to have professional indemnity insurance – as professional body members already do – to provide basic protection for their clients.

In the speech, Peter also:
* Praised Institute staff, volunteers and outgoing President Glyn Fullelove for their response to the coronavirus pandemic, thanking the Institute’s leaders for having ‘steered us through a potentially perilous year’;
* Said that while he ‘can’t wait’ for physical branch meetings to restart the Institute should respond to the success of its online seminars and debates by keeping these going beyond the pandemic;
* Promised the Institute’s continuing support to government and Parliament in their deliberations on tax reform.”