Profile for IRRV
Institute of Revenues Rating and Valuation www.irrv.net
With over 5,000 members, the IRRV is the largest professional institution operating in the field of revenues, benefits and valuation.
Every year hundreds of students sit IRRV examinations. Those who are successful join the thousands of IRRV-qualified professionals currently working in local authorities and public and private sector valuation.
The Institute’s main aim is to support its members’ professional and personal development and the sharing of best practice. We keep our members informed of current issues through our magazines and publications and a comprehensive website.
IRRV qualifications and Continuing Professional Development scheme are designed to meet the needs of members at every stage of their careers and our conferences and meetings offer opportunities for networking with other professionals from the UK and overseas.
A thriving network of Associations is one of the IRRV’s main strengths. Our Associations organise programmes of professional and social activities that take place regionally and provide the opportunity for all members to become more involved in the work of the Institute.
Benefits Faculty: http://www.irrv.net/FacultyItem.asp?id=591&faculty=Benefits
The purpose of the Benefits Faculty is to promote the study of all aspects of state benefits and awards, and to provide support to members of the Benefits Faculty in their professional activities, including the following subject areas:
· housing and council tax benefit
· all benefits and credits under the auspices of the Department for Work and Pensions
· all credits under the auspices of the Inland Revenue
· the financing of benefits and credits
The Benefits Faculty fulfils its objectives by the following means:
· Publication of the “IRRV Benefits” magazine “Benefit Practitioner” magazine and other benefits-related publications
· Provision of guidance and direction on benefits topics for conferences, meetings, seminars and other events
· Investigating the use of electronic procedures in all benefits issues
· Fostering constructive relations with other professional bodies concerned with benefits in the United Kingdom and overseas
· Advice, through the Law, Research and Education Committee, on appropriate schemes for the advancement of the professional education of benefit practitioners under the auspices of the Institute.
The affairs of the Benefits Faculty are managed by the Benefits Faculty Board.
Revenues Faculty: http://www.irrv.net/FacultyItem.asp?id=408&faculty=Revenues
In 2003 the Institute launched a faculty-based approach to the specialisms covered by its members. The faculties were launched at the same time as changes were put in place to radically amend the Institute’s governance structure. These combined changes mean that the Institute is now better placed to address the professional needs of its membership. Each Institute member may join up to two faculties.
The three faculties are co-ordinated by individual faculty boards.
Responsibilities of each faculty board include;
• Publication of the faculty magazine and other relevant publications
• Provision of guidance and direction to the Institute’s standing committees on issues falling within the faculty’s domain.
• Promotion of the Institute qualification
• Training and professional development opportunities
• Fostering constructive relations with other professional bodies in the United Kingdom and overseas
• Initiating debate on technical issues and responding to consultation papers
Valuation Faculty: http://www.irrv.net/FacultyItem.asp?id=592&faculty=Valuation
The purpose of the Vaulation Faculty is to promote the study of all aspects of valuation of land and interests in land, and to provide support to members of the Valuation Faculty in their professional activities whether in the UK or abroad, including the following subject areas:
· Local and national taxation, including law and practice
· Assessment of compensation for the acquisition of land and buildings or injurious affection thereto in connection with the exercise of compulsory powers
· Property funding and investment
· Landlord and tenant
· Investment appraisal and analysis
· Valuation of property assets
· Valuations and methodology for public sector and other statutory purposes
The Valuation Faculty fulfils its objectives by the following means:
· Publication of the “Valuer” magazine and other valuation-related publications
· Provision of guidance and direction on valuation topics for conferences, meetings, seminars and other events
· Investigating the use of electronic procedures in all valuation issues
· Fostering constructive relations with other professional bodies concerned with valuation in the United Kingdom and overseas
· Advice, through the Law, Research and Education Committee, on appropriate schemes for the advancement of the professional education of valuers under the auspices of the Institute.
The affairs of the Valuation Faculty are managed by the [Valuation Faculty Board].