Direct Tax Manager

Mercedes-AMG Petronas F1 Team; Brackley; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Direct Tax Manager to oversee tax compliance and advisory for their operations. This role is crucial in managing corporation tax, R&D tax credits, and employment taxes while ensuring compliance with UK and international regulations. The successful candidate will develop tax strategies, manage complex tax issues, and provide strategic advice to senior management. Join a dynamic team where your insights will drive performance and innovation in a high-stakes environment. This is a unique opportunity to contribute to a world-class team that values collaboration and excellence.

Benefits

On-site gym

Subsidised restaurant

On-site parking with EV chargers

Generous bonus scheme

Mercedes car lease scheme

Private medical cover

Life assurance

25 days holiday

Qualifications

• Strong knowledge of UK corporation tax and international tax frameworks.
• Experience managing complex tax issues in a fast-paced environment.

Responsibilities

• Manage direct tax compliance and advisory across corporation tax and R&D tax credits.
• Develop tax strategies to minimize corporate tax liabilities and ensure compliance.

Skills

UK Corporation Tax Knowledge

International Tax Frameworks

Transfer Pricing

R&D Tax Claims

Analytical Skills

Problem-Solving Skills

Communication Skills

Education

CTA Qualification

ACA Qualification

ACCA Qualification

Tools

Tax Technology

Data Analytics

Job description

Direct Tax Manager

Location: Brackley, UK

At the Mercedes-AMG Petronas Formula One Team, a group of passionate and determined people work to design, develop, manufacture and race the cars with the aim of fighting for world championships each and every year.

Every individual plays their part. No stone is left unturned in the chase for every tenth of a second. The history of our sport is long and rich, and we are continuing our journey with renewed effort year on year.

About the Role:

The Direct Tax Manager is responsible for managing the direct tax compliance and advisory across corporation tax, R&D tax credits, employment taxes, and other direct taxes for the Mercedes-Benz Grand Prix Ltd group companies. Reporting to the Finance PMO Director – Projects, Internal Audit & Tax, this role ensures optimisation and compliance across UK and international operations, managing day-to-day activities, minimising liabilities, and advising the business on the direct tax implications of its operations in a cost-cap environment.

Key Accountabilities:

1. Tax Compliance & Reporting:
   • Ensure timely and accurate preparation and submission of corporation tax returns, R&D tax claims, PAYE Settlement Agreement, ensuring full compliance with UK and international obligations.
   • Oversee the direct tax compliance process, ensuring all returns are filed on time, including quarterly instalment payments and other statutory filings.
   • Manage the tax return payment obligations, ensuring they are accurate and processed promptly.
   • Oversee the management of direct tax compliance in countries where the company operates, liaising with local tax advisors when necessary.
2. Financial Reporting and Analysis:
   • Ensure accurate tax reporting for the group's forecasting, management accounts, shareholder reporting, and financial statements.
   • Manage and accurately report the effective tax rate, providing insights and analysis to senior management.
3. Tax Planning & Strategy:
   • Develop and implement tax strategies to minimise corporate tax liabilities.
   • Provide strategic tax advice to senior management, particularly in relation to business transactions, operational changes, and expansion into new jurisdictions.
   • Monitor changes in direct tax legislation and regulations, assessing their impact on the company's operations and tax strategy.
   • Advise on structuring business activities and transactions in a tax-efficient manner while complying with UK and international tax laws.
4. International Taxation:
   • Manage the tax implications of the company’s international operations, ensuring compliance with transfer pricing rules, permanent establishment risks, and cross-border taxation.
   • Advise on the structuring of cross-border transactions to ensure optimal tax treatment.
   • Oversee international tax compliance, including filing of tax returns in jurisdictions with a presence.
   • Provide strategic input on international tax matters.
5. Employment Taxes:
   • Advise on the tax implications of employee remuneration, employee benefits, and share option plans.
   • Provide guidance on expatriate tax issues and manage shadow payroll arrangements for employees working in foreign jurisdictions.
   • Provide guidance to ensure accurate reporting and compliance with global payroll tax obligations.
6. Tax Risk Management & Advisory:
   • Identify, assess, and manage direct tax risks, ensuring appropriate controls and procedures are in place.
   • Ensure the company’s direct tax governance framework is robust.
   • Provide strategic advice on tax risk matters.
   • Develop and maintain tax risk management processes.
   • Liaise with external tax advisors, auditors, and tax authorities as required.
7. Technology and Process Improvement:
   • Leverage tax technology and data analytics to streamline tax reporting.
   • Implement process improvements and automation to enhance efficiency, accuracy, and compliance.

Candidate profile:

• CTA, ACA, ACCA, or equivalent qualification.
• Strong knowledge of UK corporation tax and international tax frameworks.
• Experience in transfer pricing and cross-border tax issues.
• Experience in R&D tax claims in a manufacturing environment.
• Proven ability to manage complex tax issues in a fast-paced environment.
• Excellent analytical, problem-solving, advisory, and communication skills.
• Experience in managing relationships with tax authorities and external advisors.

Benefits:

Our riverside campus is powered by 100% renewably sourced energy and features an on-site gym and exercise studio, subsidised restaurant and on-site parking with EV chargers available. We offer a competitive and attractive package of benefits including a generous bonus scheme, Mercedes car lease scheme, private medical cover, life assurance and 25 days holiday.

Why us:

At the heart of our performance are our people. Every member of our team has a voice and plays their part in contributing to our successes on and off the racetrack. We take pride in creating an innovative, collaborative and high-performance culture where all of our team members are respected, empowered and valued.

Your Application:

We will ask you to complete a questionnaire as well as submitting a cover letter and CV. Please upload your cover letter and CV as one single PDF file.