Preston, who is currently the deputy president, is chairman of the institute's examination committee, a past chairman and ongoing member of its education committee and past chair of the membership and branches committee. He retired from PwC in June 2014 where he was a member of the global tax leadership team and is now a non-executive director and trustee.

Preston said: ‘It is a great privilege to take up the presidency of the institute especially at a time when tax is so much in the public eye. I look forward to working with my fellow officers to continue to develop and implement the institute’s strategy.’

Ray McCann, a partner at Joseph Hage Aaronson, becomes deputy president. A former senior HMRC inspector, he is also a former chairman of the joint CIOT/ATT professional standards committee.

Glyn Fullelove, who leads the tax function at Informa, will CIOT’s new vice-president. He is currently chair of the CIOT’s technical committee, a role in which he will continue. 

The team of officers was formally approved by the CIOT’s council at its January 2017 meeting. They will begin their new roles on May 9, 2017 and hold them for a year. Until then Bill Dodwell, who is Deloitte’s head of tax policy, remains the institute’s president.