Wednesday 22nd January 2020 was a significant date for those tax professionals eagerly awaiting their CTA results. The Chartered Institute of Taxation (CIOT) announced that from the 1,528 candidates that sat the examinations, 224 successfully completed all CTA exams. Included in this were 54 on the ACA CTA Joint Programme and 34 who now fully completed the ATT CTA Tax Pathway by passing the CTA element.
Comparing this to the previous results that were announced in July 2019, from a total of 1,526 individuals, 132 successfully completed all the CTA exams. Included were 30 candidates on the ACA CTA Joint Programme and 23 who fully completed the Tax Pathway by passing the CTA element.
Below sees a further breakdown and comparison of these results by examination:
Advanced Technical – January 2020
Paper Total Sitting Exam Candidates Passed Pass Rate Taxation of Owner-Managed Businesses 697 264 38% Domestic Indirect Taxation 57 15 26% Inheritance Tax, Trusts and Estates 93 42 45% Human Capital Taxes 42 22 52% Taxation of Individuals 435 222 51% Cross-Border Indirect Taxation 58 35 60% Taxation of Major Corporates 258 162 63%
Advanced Technical - June 2019
Paper Total Sitting Exam Candidates Passed Pass Rate Taxation of Owner-Managed Businesses 660 250 38% Domestic Indirect Taxation 66 28 42% Inheritance Tax, Trusts and Estates 89 37 42% Human Capital Taxes 50 20 40% Taxation of Individuals 529 344 65% Cross-Border Indirect Taxation 52 20 38% Taxation of Major Corporates 202 112 55%
Awareness – January 2020
152 candidates passed this paper out of a total of 228 sitting the examination. A pass rate of 67%.
Awareness – June 2019
139 candidates passed this paper out of a total of 182 sitting the examination. A pass rate of 76%.
Application and Professional Skills – January 2020
Paper Total Sitting Exam Candidates Passed Pass Rate Taxation of Individuals 52 32 62% Taxation of Larger Companies and Groups 53 27 51% Taxation of Owner-Managed Businesses 216 118 55% Human Capital Taxes 27 14 52% VAT & Other Indirect Taxes 17 11 65% Inheritance Tax, Trust & Estates 47 25 53%
Application and Professional Skills – July 2019
Paper Total Sitting Exam Candidates Passed Pass Rate Taxation of Individuals 48 21 44% Taxation of Larger Companies and Groups 47 23 49% Taxation of Owner-Managed Businesses 206 122 59% Human Capital Taxes 31 18 58% VAT & Other Indirect Taxes 25 14 56% Inheritance Tax, Trust & Estates 46 26 57%
In summary, highlighted in green are those that saw an increase in pass rate, whereas those highlighted in red saw a decrease. Some notable papers to mention were Domestic Indirect Taxation and Taxation of Individuals which saw differences of 16% and 14% retrospectively. However, overall, the number of individuals who successfully became fully qualified increased by 92.
Pro-Tax would like to wish a huge congratulations to those who received the exam results they were hoping for - it’s a great achievement and a huge weight off your shoulders! Aside from enjoying your evenings and weekends, the benefits of being a Chartered Tax Adviser will soon be seen. If you need career advice around next steps after CTA or salary advice, please do not hesitate to get in touch.
For those of you who didn’t get the results they were hoping for, don’t panic or stress. This is a perfect time to reflect, dust yourself off and get ready to smash the exams next time round! If you are not receiving the support you need for your qualification, we are also here to help.