Preparation of tax calculations (current and deferred tax) for inclusion in the group financial statements. Tax calculations for non-UK subsidiaries are prepared locally where relevant.
Submission of UK corporation tax returns including group relief and group loss nomination forms for approximately 25-30 legal entities.
Preparation of group tax forecasts for the Group Payment Arrangement (“GPA”) with HMRC.
Preparation of group tax forecasts for inclusion in the budgeting and forecasting cycle.
Liaise with external tax specialists on tax planning projects when opportunities arise.
Dealing with HMRC enquiries into corporation tax returns.
Supporting the various businesses on the group with corporation tax advice as required.
Complete the year-end tax provisions for the annual group accounts and deal with the external auditor (Deloitte) queries.
R&D Tax
With the use of the external R&D tax service provider, lead the annual R&D tax credit process by liaising with the IT team, and providing the required information to produce the R&D reports ready for submission with the UK corporation tax returns.
Manage the external tax advisers in preparing the transfer pricing documentation for the group (including the Master and Local file).
Advise the group on the transfer pricing implications on a wide array of transactions.
VAT
Review of quarterly VAT returns.
Review of annual partial exemption calculation.
Review of annual capital goods scheme calculation.
Notification of HMRC when changes to VAT group / VAT partial exemption special method are needed.
Liaison with external VAT consultants in respect of contentious issues / updating partial exemption special method where appropriate.
Employment Tax
Advise HR on employee tax matters where necessary (PAYE and benefit in kind taxes).
Preparation and submission of the annual PAYE Settlement Agreement (“PSA”) calculation.
Other
M&A Tax: Advise the group on a wide array of transactions and structures, including acquisitions, disposals, and business transfers.
Advise the business on all tax matters (excluding personal tax advice to employees).
Work closely with other departments such as HR, Cosec, Compliance and Risk supporting them on tax issues as they arise.
Person Specification:
The role requires a person who has the following skills and experience:
Minimum of 8+ years in tax within financial services (insurance experience would be desirable).
International tax experience gained in practice/ or industry.
Experience in leading tax in a multinational organisation.
Knowledge of tax disclosure requirements under IFRS and UK GAAP (FRS 102) is essential.
Experience with Thomson Reuters’ “Onesource” corporation tax software would be desirable.
VAT experience is essential, including knowledge of partial exemption schemes and familiarity with the insurance intermediary exemption.
Knowledge of the controlled foreign company (CFC) rules.
Knowledge of transfer pricing requirements.
Knowledge of PAYE on expenses and benefits would be advantageous.
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