Accounts Officer- Vat

Bangladesh Machine Tools Factory Ltd (BMTF); United Kingdom; On-site; GBP 30,000 - 40,000; Full time

Job summary

A manufacturing company in the UK is looking for a VAT specialist with 3-5 years of experience in VAT management, ideally within the manufacturing sector. The role includes preparing VAT returns, ensuring compliance with the VAT Act, and liaising with VAT authorities. The ideal candidate should have a strong understanding of VAT regulations and hands-on experience with VAT management software. This position is essential for maintaining accurate records and compliance within the company.

Qualifications

• 3-5 years of practical experience in VAT, preferably in manufacturing.
• Experience in maintaining compliance with the VAT Act.
• Ability to prepare and submit VAT Returns accurately.

Responsibilities

• Maintain all VAT related works, including Mushak forms.
• Ensure timely preparation and submission of VAT returns.
• Audit VAT books of records and engage with VAT authority.

Skills

Strong understanding of VAT Act 2012

Experience in VAT management software

Risk analysis and mitigation strategy

Job description

• The applicants should have 03-05 Years of practical experience in VAT, preferably experience in the Manufacturing sector.
• And should have Strong understanding of VAT Act 2012, VAT Rules 2016, and NBR circulars. Should be able to Maintain all VAT related works (Example: Mushak 4.3, 6.1, 6.2, 6.3, 6.5, 6.10, 7, 9.1 & all others books paper) and deduction of VAT.
• Maintain proper compliance as per the Bangladesh VAT Act.
• Ensure proper preparation and submission of Online & Offline VAT Returns.
• Auditing of VAT books of records.
• Engage with the VAT authority for submission.
• Hands on experience on VAT management software.
• Monitoring and Implementation of compliance as per VAT ACT 2012.
• Administering appeal, Tribunal at different appeal authority.
• Prepare all VAT papers on a regular basis and handle all information data requests.
• Develop risk analysis and mitigation strategy from a compliance point of view.
• Keep up-to-date with all relevant changes in VAT regulations and other duties and responsibilities as assigned by the management from time to time.