Annex
WHO WE
ARE
35. The Institute of Chartered Accountants
in England & Wales is a professional body representing some
128,000 members. The Institute operates under a Royal Charter
with an obligation to act in the public interest. It is regulated
by the Department of Trade and Industry through the Accountancy
Foundation. Its primary objectives are to educate and train Chartered
Accountants, to maintain high standards for professional conduct
among members, to provide services to its members and students,
and to advance the theory and practice of accountancy (which includes
taxation).
36. The Tax Faculty is a centre for excellence
and an authoritative voice for the Institute on taxation matters.
It is responsible for tax representations on behalf of the Institute
as a whole and it also provides services to more than 11,000 Faculty
members who pay an additional subscription.
37. The Tax Faculty is concerned with tax
credits both from the point of view of our members who are advising
clients, and as part of our wider public interest responsibilities.
We have been represented on all the HMRC tax credits consultations
since these began, and members of the Tax Faculty also lecture
and write on tax credits.
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