Assistant Tax Manager (12 mth FTC)

Nelson Scott LLP; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a tax professional to manage UK tax compliance and reporting. This role involves preparing tax reports, maintaining documentation, and acting as a key contact for tax inquiries. You will work closely with the Accounts & Tax team and ensure adherence to regulatory requirements. If you have a solid background in UK corporate tax and excellent analytical skills, this opportunity could be your next career step. Join a dynamic environment where your expertise will be valued and your contributions will directly impact the organization's success.

Qualifications

• 3-5 years of UK corporate tax experience in banking or financial services.
• Bachelor’s degree in Accounting or related field is required.

Responsibilities

• Prepare and submit UK Corporation Tax reports and ensure compliance.
• Compile tax-related data for UK group reporting and internal tax reports.

Skills

UK corporate tax experience

Excel skills

Communication skills

Analytical skills

Time management

Flexibility with tax laws

Education

Bachelor’s degree in Accounting

Master’s degree in Taxation

Professional qualifications (ACCA, ICAEW/ACA)

UK-based tax qualification (CTA)

Tools

Tax compliance software

Job description

This role is responsible for preparing tax reports, maintaining tax-related documentation, and acting as a key contact for tax projects and inquiries for the bank. Additionally, it provides support to the Accounts & Tax team on ad hoc tasks as needed.

Purpose

Reporting to the Chief Manager, this role is responsible for preparing tax reports, maintaining tax-related documentation, and acting as a key contact for tax projects and inquiries for the Branch. Additionally, it provides support to the Accounts & Tax team on ad hoc tasks as needed.

Key Responsibilities

1. UK Tax Compliance & Reporting
2. Prepare, compile, and explain UK Corporation Tax for London office, including application of Capital Allowance, CATA (Capital Attribution Tax Adjustment), and transfer pricing adjustment.
3. Compile Bank Levy information and provide tax-related data for UK group reporting.
4. Prepare and submit internal tax reports, ensuring compliance with regulatory requirements, including Pillar 2 calculations and disclosures.
5. Prepare and file other business taxes, including VAT returns with PESM (Partial Exemption Special Method), BBSI (Bank & Building Society Interest), and ATED (Annual Tax on Enveloped Dwellings).
6. Update the Transfer Pricing Local File and maintain Tax Strategy, aligning with regulatory requirements and business needs.
7. Identify opportunities for tax refunds, prepare refund forms, and submit claims to optimize tax recovery.

1. Policy Application & Compliance
2. Apply appropriate UK accounting standards in tax-related work.
3. Ensure compliance with the London office's tax policies and procedures.

1. Document & Certification Management
2. Provide tax certificates and forms as required by custodians and stakeholders.
3. Provide FATCA (Foreign Account Tax Compliance Act) documentation upon request.
4. Work closely with and respond to queries from other departments, auditors, and Head Office to provide relevant tax information.
5. Draft documents as per HMRC’s information requests.
6. Review and update existing tax policies and procedures.
7. Proactively identify and report discrepancies, unusual transactions, or high-risk activities to ensure compliance and mitigate risks.

Required Skills:

• 3-5 years of UK corporate tax experience within banking or financial services industry in the UK.
• Relevant experience in finance functions of banking or financial services industries.
• Basic understanding of UK financial instruments and accounting requirements.
• Comprehensive knowledge of UK tax laws and regulations, including corporate tax and VAT.
• Strong skills in Excel; open to learning new systems and technologies.
• Excellent communication skills to convey complex tax information clearly.
• Ability to analyze complex tax issues and develop effective solutions.
• Effective time management to handle multiple tasks and deadlines.
• Flexibility to adapt to changing tax laws and regulations.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Economics, or a related field.
• Master’s degree in Taxation, Accounting, or Finance (preferred but not essential).
• Professional qualifications such as ACCA, ICAEW/ACA, or CIOT.
• Associations like ATT or ADIT are advantageous.
• UK-based tax qualification such as CTA is desirable.
• Some international tax experience (e.g., transfer pricing, FATCA, VAT PESM, Pillar 2) is a plus.