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Registered AITI Tax Qualification Info and Questions

  • 13-05-2009 6:41pm
    #1
    Registered Users Posts: 9,798 ✭✭✭


    http://www.taxireland.ie/services/aboutRegTaxCon.aspx

    If anyone has any questions, discussing exams etc please keep them in this thread.

    Basically there are 12 Exams.

    First Sitting:

    Law, Accountancy, Income and Corporation Tax, CGT

    Second Sitting (part twos)

    CAT, Income Tax 1, Indirect Tax (VAT 1), Corporation Tax 1,

    Final Sitting (Part threes)

    Tax Management and Ethics, Income Tax 2, Corporation Tax 2, Indirect Tax (VAT) 2

    These buggers are HARD. Pass rate hovers around 50-55% for first sittings part two and 40-45% first sittings part threes.


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Comments

  • Closed Accounts Posts: 59 ✭✭Phrio


    Question there for anyone in the know...

    Do you have to be working in a tax accountants to register for and sit these exams?


  • Registered Users Posts: 119 ✭✭Teej


    There are no requirements to be working in tax accountants to register and there are no practical experience requirements to attain membership. Check out the Institute website on how to register and ed requirements: http://www.taxireland.ie/about/CareersinTax.aspx
    Good luck if you go for it


  • Registered Users Posts: 736 ✭✭✭Legend100


    Thinking about doing the AITI myself after i do the FAE in September. Was just wondering if anyone knows if you can claim tax relief on the tuition fees for the two years (part 2&3) since id say i'l be paying for them myself


  • Registered Users Posts: 9,798 ✭✭✭Mr. Incognito


    No they wouldn't qualify as full time third level educational course- no relief is available for them afaik


  • Registered Users Posts: 2,138 ✭✭✭foxy06


    I think it depends on the college you study with. For eg. I could have claimed tax relief for doing the IATI if I had studied with DBS but because I did it in Bray I couldn't.


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  • Registered Users Posts: 121 ✭✭paddylast


    Hi all

    My background: Out of college 3 yrs now and been working in the IFSC as fund accountant rising to senior fund accountant. took the job to get a bit of experience and didnt intend to stay on as long. am looking to move away from Accountantcy and audits.

    I have been considering doing the Aiti exams for some time now and just have a few questions for those in the know


    1. Where can you see past papers? cant see anything on ITI site.

    2. I would like to build up experience in the area. What job title should i be looking for as irishjobs.ie just mentions senior tax positons.

    3. I am interested in the whole area of property tax. Are there oportunities to specialise in that area?

    4. From looking at many other posts there are alot of people combining an accountancy qualification with the AITI. is it a disadvantage to just have the AITI?

    Thanks!


  • Users Awaiting Email Confirmation Posts: 277 ✭✭misspiggy40


    Hi there. You have to be a student and be able to log in as one to view the past papers. They also send you a book of past papers and solutions for each subject you enrol for. I got exemptions from 3 part 1 papers and am sitting the fourth, CGT, exam in August. You are welcome to my book of past papers and solutions after that. ;)

    Meanwhile if you rang and said you were interested but would like to see some papers to give you a feel for the standard I would not think there would be a problem with them sending you out something.


  • Registered Users Posts: 736 ✭✭✭Legend100


    I just have a question for someone who might have gone from finishing ACA to do the tax exams.

    I'm sitting the FAE next month and per the ITI website
    "Unqualified accountants (ACA, ACCA, CPA) who have passed the final taxation paper in their Associateship Examinations" will be exempt for all of part 1.

    Problem is of course that the results are out for FAE on 13th November. Does anybody know if I could apply at that stage for the summer sitting of part 2 if I pass the ACA tax paper or is it too late. Really don't want to have to wait the year!


  • Closed Accounts Posts: 459 ✭✭Bren1609


    AFAIK you can pending your exam reults. Check with the ITI.


  • Registered Users Posts: 525 ✭✭✭betonit


    Hi,
    I'd like to hear some opinions on the TMITI qualification.

    Does it stand up on its own as a qualification?
    Can you get work with this qualification alone?

    Any views on a 30 something IT experience doing this and pursuing a career in taxation?

    It costs a few bob and you cant claim tax relief for it :) so any info would be great.

    Thanks


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  • Closed Accounts Posts: 3 inspiroo


    Legend100 wrote: »
    I just have a question for someone who might have gone from finishing ACA to do the tax exams.

    I'm sitting the FAE next month and per the ITI website
    "Unqualified accountants (ACA, ACCA, CPA) who have passed the final taxation paper in their Associateship Examinations" will be exempt for all of part 1.

    Problem is of course that the results are out for FAE on 13th November. Does anybody know if I could apply at that stage for the summer sitting of part 2 if I pass the ACA tax paper or is it too late. Really don't want to have to wait the year!

    Registration closes 30th Nov 09 so you should be ok. Also the AITI appears to be revamped...some continuous assessment in Jan, exams must be passed in 4 consecutive exam sittings...no more system of credits..

    http://www.taxireland.ie/images/FINAL_Version_AITI_Handbook_09-10_Web.pdf


  • Registered Users Posts: 14 Adotsy


    Legend100 wrote: »
    Thinking about doing the AITI myself after i do the FAE in September. Was just wondering if anyone knows if you can claim tax relief on the tuition fees for the two years (part 2&3) since id say i'l be paying for them myself


    Here's a link to the Revenue website for claiming relief on tuition fees. The ITI doesn't appear as an approved course/institute.

    http://www.revenue.ie/en/tax/it/reliefs/tuition-fees.html

    However, the firm i work for pay my fees and then deduct them from my wages over 6 months (to help with my cashflow). I don't get taxed on the amount deducted from my wages and, therefore, effectively get tax relief on the fees. If my firm are doing it then the rest of them probably are too.


  • Registered Users Posts: 736 ✭✭✭Legend100


    cheers for the replies, yeah got my handbook from the institute the other day so thinking i might go with the new second sitting


  • Registered Users Posts: 143 ✭✭eposhea


    hey guys!

    hope i am not repeating the questions here! anyway, i am thinking about sitting the Tax exams. I am not working in Tax, and the main reasons for doing the exams would be that you dont have to be, and that the classes are only once a month!

    my question relates to the time commitment outside of class time. how many hours (approx, i know hard to say) would you need to put in for someone who does not have a tax background?

    another question - the Student Handbook says that registration is Sept 11, does that mean it starts then? or registration is only for one day?

    thanks for all your help!


  • Registered Users Posts: 121 ✭✭paddylast


    Timetable is on the taxireland website.

    Registration is on or before Sept 11 and classes start weekend 3/4 oct.


  • Closed Accounts Posts: 552 ✭✭✭Hank_Scorpio


    Feel free to contact the Irish Taxation Institute regarding any queries.

    http://www.taxireland.ie/Contact.aspx


  • Registered Users Posts: 1,113 ✭✭✭cailinoBAC


    I've sent an email to confirm whether the date is tomorrow. On some documents it is stated as November 30th. I'm not ready to make my application tomorrow, I mean, it's a lot of money involved! They only sent out the handbook just over 2 weeks ago, so that is way too soon. They also mentioned that online registration would be available in early September, but it's still listed as coming soon.
    In the student handbook it lists Registration - September 11th and Registration closes as November 30th.
    This doc says deadline is September 11th but at the end of page 3 it says that the application must be submitted by November 30th.
    http://www.taxireland.ie/documents/general/Part_2_AITI_New_Student_Registration(5).pdf


  • Registered Users Posts: 1,113 ✭✭✭cailinoBAC


    I got this reply this morning –

    Registration is open until 30th November, lectures commence in October and early registration by 11th September is advised so that you receive your course materials on time.
    Online registration will open in the coming days; alternatively you can send a hard copy registration form which can be printed off here http://www.taxireland.ie/education/34985.aspx


  • Registered Users Posts: 121 ✭✭paddylast


    thats good to hear. im still deciding whether to do the tax exams.

    If you have completed two or more modules in law or accounting there is a chance to get exempt from those two subjects in part 1. could save you a few hundred on the part 1 fees


  • Registered Users Posts: 736 ✭✭✭Legend100


    i forgot to post this earlier.....(apologies)

    i got an email from the institute during the week saying online registration is now open.

    I'd say i'l have to wait for the summer course myself given the fees


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  • Registered Users Posts: 121 ✭✭paddylast


    Legend100 wrote: »
    i forgot to post this earlier.....(apologies)

    i got an email from the institute during the week saying online registration is now open.

    I'd say i'l have to wait for the summer course myself given the fees




    With the summer course you register and pay before April deadline next year am i correct?

    I cant see the timetable for the summer course...would it be lectures almost every weekend as is a short time from start of course to exams?


  • Registered Users Posts: 736 ✭✭✭Legend100


    Yes that is correct about the fees

    Just looking at the timetable for part 2 for the winter course and it is 14 lectures in total with it being 7 weekends (sat and sun) once per month

    I would assume it would be the same for the summer course but prob not as big a break between the weekends as is the case with the winter timetable


  • Closed Accounts Posts: 42 buzzing


    considering doing the tax exams....
    how hard are they? heard part 3 very tough is that true?
    some conditions that i came across is that the if one decides to sit the aiti exam are as follows
      you get exemption from part 1 if ur aca,acca within 1 yr [LIST=1)if you dont use the tax exams within 3 yr - there no use due to the market being difficult to get employment opportunities is it good to sit if one cant get a job in ireland - as the aiti is related to ireland to irl only any advice appreciated Regards B


  • Closed Accounts Posts: 2,666 ✭✭✭Howjoe1


    can someone confirm if you can do the course through distance studying ?

    What are the typical days and times if you have to attend lectures ?


  • Registered Users Posts: 562 ✭✭✭Kingkong


    Two questions:

    (1) Is there any cross regonition agrrement the AITI have with there similar counterpart in the UK similar to that with ICAI.

    (2) Does anyone know what the continuous assessment in January for the Part 3 is about and what is involved?


  • Registered Users Posts: 45 bishops palace


    Just wondering was anyone at the Part 1 CGT lecture in Cork on 18th October? I missed this lecture as I've only registered this week. Just wondering what was covered.

    Any help would be great.

    Cheers


  • Closed Accounts Posts: 8 davnitt


    Hi All,

    I am just looking for some advice. I’m trying to decide between two contracts at the mo, one company wants me to do the ACA and then the AITI and the other wants me to do the AITI and then maybe the ACA later if I want. I know to be a tax consultant the main qualification is the AITI but I am just wondering is the ACA beneficial to pursuing a career in Tax or is just like having an extra qualification? I only have two exemptions in part 1 in both exams so I am thinking pursuing both will be a very long route. Any opinions would be much appreciated!!


  • Registered Users Posts: 153 ✭✭dustyrip


    davnitt wrote: »
    Hi All,

    I am just looking for some advice. I’m trying to decide between two contracts at the mo, one company wants me to do the ACA and then the AITI and the other wants me to do the AITI and then maybe the ACA later if I want. I know to be a tax consultant the main qualification is the AITI but I am just wondering is the ACA beneficial to pursuing a career in Tax or is just like having an extra qualification? I only have two exemptions in part 1 in both exams so I am thinking pursuing both will be a very long route. Any opinions would be much appreciated!!

    Personally I don't think that you would need ACA if you have your AITI and intend staying in tax for the rest of your career. The only thing is that ACA would be regarded as a more global qualification, as AITI is restricting you to just Irish tax. At the end of the day its all about money, and I am not sure that you will get much more from having both qualifications rather than just one. All depends on your own situation and what you think you would enjoy studying the most as both courses are vast. I failed ACA and was let go last year so my opinion might be slightly biased towars AITI. I do know of lots of people who can't pass there 'Part 3's' as they are Notorious exams..


  • Registered Users Posts: 736 ✭✭✭Legend100


    Anyone done anything for the continuous assessment yet for Part 2, i haven't made the lectures yet (gona start soon!!) so not really sure what to expect from the exam at the end of the month


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  • Users Awaiting Email Confirmation Posts: 277 ✭✭misspiggy40


    Sorry if I am stating the obvious,:rolleyes: but have you looked at the sample on their website. I am not doing it til June, for August sitting but also because I would like to see a real one as well as the example. My reading of it is that it is open book, 1.5HRS and that, even if you did horrendously, you continue on to do your exam even if you have not passed it. Is that your understanding of it too??


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