Direct Tax Manager

Vwfs Uk; Milton Keynes; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

10% bonus

Pension 9%

Car schemes

Income protection

Life assurance

Retail discounts

Care Concierge

Cycle to work

Private medical insurance

Loan car scheme

Critical illness cover

Job summary

VWFS UK is seeking a Direct Tax Manager to deliver tax governance, optimise tax positions and provide expert guidance across the business. The role covers corporate and employment tax, transfer pricing, and withholding tax compliance in the UK and ROI.

You will partner with senior management to mitigate risks, ensure IFRS disclosures, and support business decisions with practical tax advice. CTA/ACCA qualification is required.

Qualifications

• CTA or ACCA/ACA qualified, with post-qualification experience, in house and/or in practice
• Working knowledge of SAP FI/CMS
• Experience within the Financial Services and/or Automotive Financial Services industry is desirable

Responsibilities

• Manage HMRC relationship on direct tax matters incl. corporation and employment taxes
• Lead corporation tax compliance, including CT returns for VW entities in UK and ROI
• Oversee current and deferred tax calculations and IFRS tax disclosures
• Manage local transfer pricing documentation and risk mitigation
• Coordinate Corporate Interest Restriction reviews with UK entities
• Negotiate thin capitalisation agreements with HMRC and monitor ratios
• Oversee UK withholding tax compliance incl. CT61 and withholding tax applications
• Manage employment tax compliance for non-payroll matters and PAYE Settlement Agreement returns
• Partner with senior management to identify and mitigate tax risks, providing expert advice

Skills

CTA/ACCA/ACA

Industry experience

In-house/Practice

Education

CTA/ACCA/ACA qualified

Tools

SAP FI/CMS

Job description

We're looking for a Direct Tax Manager who will be responsible for delivering effective tax governance, optimising tax positions, and providing expert guidance across the business. This specialist and analytical role will be instrumental in managing corporate tax compliance, identifying and mitigating tax risks, and supporting the business with accurate, commercially focused tax advice.

What you'll be doing:

• You'll manage the relationship with HMRC on all direct tax matters, ensuring effective handling and resolution of corporation tax and employment tax queries, disputes and clarification requests.
• Lead the corporation tax compliance cycle, including the preparation, review and submission of corporation tax returns for Volkswagen entities in both the UK and the Republic of Ireland.
• Oversee the preparation, review and audit of current and deferred tax calculations, ensuring accurate IFRS tax disclosures in annual group and statutory accounts.
• Manage the preparation and annual review of local transfer pricing documentation, identifying potential risks, ensuring appropriate mitigation, and keeping key business stakeholders and senior management fully informed.
• Coordinate the annual review of Corporate Interest Restriction calculations, working with colleagues across UK Volkswagen entities to assess the overall net interest income and expense position.
• Lead the negotiation and ongoing maintenance of thin capitalisation agreements with HMRC, including supporting documentation, calculations and regular monitoring of agreed financial ratios.
• Oversee UK withholding tax compliance, including the preparation, review and submission of quarterly CT61 returns and handling any withholding tax applications.
• Manage employment tax compliance for non-payroll matters, including the preparation, review and submission of annual PAYE Settlement Agreement returns for two entities.
• Partner with senior management and operational teams across the business to identify and mitigate corporation tax and employment tax risks, providing proactive expert advice across both project and business-as-usual activities.
  You'll be an experienced and collaborative tax professional who enjoys turning complex tax matters into clear, practical advice. You'll have a passion for delivering strong outcomes, managing risk and supporting the business to make informed decisions.

Essential experience & skills:

• You are CTA or ACCA/ACA qualified, with post-qualification experience, in house and/or in practice
• You have a working knowledge of SAP FI/CMS.
• Experience within the Financial Services and/or Automotive Financial Services industry is desirable.

Why join VWFS UK?

You'll have the opportunity to make a difference by helping us to achieve our mission. Our mission is straight forward; we want to be 'The Key to Mobility'. That means we make getting from A-to-B as easy and simple for as many people as possible. To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. We do this by providing a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems and support our customers. No candidate will meet every single desired qualification. If your experience looks a little different from what we've identified and you think you can bring value to the role, we'd love to learn more about you! VWFS is proud to be an inclusive employer and encourages applications from a diverse range of candidates. Diversity, Equity & Inclusion isn't just a statement for us, we encourage and aspire for all our colleagues to be their 100% self. If you need any reasonable adjustments to assist you with the application and/or recruitment processes, please contact our Resourcing Team. This role does not meet the UKVI's criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.

What's in it for you?

Bonus: Discretionary 10% on-target bonus (based on personal and Group company performance) Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution. Car schemes

• : Choice of Employee Car Ownership (ECO) scheme for petrol/diesel and hybrid vehicles plus car insurance and fuel card.
• OR Company Car scheme for Battery Electric Vehicles (BEVs) plus car insurance cover for you and a partner/eligible family member.
• Other benefits: From day 1 we provide income protection, life assurance (4x salary), retail discount vouchers, access to Care Concierge (a service to support carers of adults), along with other salary sacrifice options including a will writing service and cycle to work (subject to scheme restrictions). Following successful completion of probation, you will have access to private medical insurance for you (with the option to buy additional family cover), access to our loan car scheme for up to 2 cars for your partner or eligible family members (subject to scheme restrictions) and during our annual benefit window you can purchase critical illness cover and dental cover, so you can select the benefits that matter to you. We invest in our people and are passionate about driving development. You'll have access to LinkedIn Learning via our Degreed platform as well as a host of professional development programmes and opportunities to build your technical and soft skills so you can further develop your career. We also offer mentoring schemes and reciprocal partnerships recognising that we can all learn from each other in the flow of work.