Our international students focus on the energy agenda

With parts of the world facing an energy crisis and everyone witnessing the impact of climate change, ADIT’s (Advanced Diploma in International Taxation) updated Energy Resources module is proving increasingly popular with students across the world. This is welcomed because the module features some of the tax impacts of managing the transition to renewable energy. 

Chartered Institute of Taxation (CIOT) President Susan Ball said:

“Our efforts to ensure that ADIT remains at the forefront of the international tax conversation has this year seen our Upstream Oil and Gas module updated to include carbon pricing, as the first step in a process to reflect the growth of renewable energy and its international tax implications. More than 70 students have passed the exam for this renamed Energy Resources module this June, taking the new knowledge requirements in their stride.”

The Energy Resources module is aimed at senior level professionals, managers or those working towards a senior level around the world working on taxation issues involving the exploration and production of energy resources such as oil and gas. Students gain a robust understanding of the fundamental tax issues within energy production, permanent establishments and transfer pricing methods, the taxation of intellectual property, mergers, financing and trading activities within the sector, including carbon pricing.

Meanwhile, the CIOT is delighted to unveil its newest cohort of successful ADIT (Advanced Diploma in International Taxation) students, graduates and award winners, after the June 2022 examinations. The exams were sat online by students from across the international tax profession, in 62 countries around the world.

In June 2022:

  • 670 students sat a total of 730 exams.
  • 464 students passed at least one exam.
  • A total of 132 students have joined the growing ranks of ADIT graduates by successfully completing their third ADIT module, including 10 who have achieved the distinction grade for excellence in their exams.
  • The ADIT qualification is now held by 1,689 tax practitioners in 86 countries and territories around the world, including nearly 300 who have chosen to subscribe with the CIOT as International Tax Affiliates.

Susan Ball said:

“It is wonderful to see international tax specialists from across the world succeed in their ADIT exams and gain certification that is recognised by employers throughout the profession. We have made great strides in recent years to make the ADIT qualification as accessible as possible to a diverse global audience, with innovations such as online, at-home exams, and it is a pleasure to see students take full advantage of the opportunities that ADIT affords.

“I offer my wholehearted congratulations to our ADIT students around the world, who continue to demonstrate the depth of talent throughout the international tax profession through their exam achievements. This includes our newest group of award winners and 132 new graduates who have completed the qualification this June.

“In addition to those completing the ADIT qualification, it is also my great pleasure to highlight the achievements of 29 students who have today completed the ACA CTA Joint Programme by passing one of the available ADIT options, along with the first successful student to complete the CA CTA Joint Programme through the ADIT exam route. We look forward to welcoming them as members of the CIOT.”

The following candidates will receive awards for their achievements in the June 2022 exams:

Anya Maynard of Cardiff, UK, who is employed by PwC, is awarded the Heather Self Medal for the best overall performance in Module 1 Principles of International Taxation.

  • Luke McMillan of Leeds, UK, who is employed by Deloitte, is awarded the Raymond Kelly Medal for the best overall performance in Module 2.09 United Kingdom option.
  • Claire Humeniuk of St Julian’s, Malta, is awarded the Tom O’Shea Prize for the best overall performance in Module 3.01 EU Direct Tax option.
  • Hugo Holmes of Bristol, UK, is awarded the Croner-i Prize for the best overall performance in Module 3.03 Transfer Pricing option.
  • Nicolae Radulescu of Bucharest, Romania, is awarded the Wood Mackenzie Prize for the best overall performance in Module 3.04 Energy Resources option.
  • Neil Dugan of Edinburgh, UK, who is employed by Natwest Group and sat Module 3.05 Banking option, is awarded the Worshipful Company of Tax Advisers Prize for the highest mark in Module 3 (All other options).