Direct Tax Manager

VWFS; Milton Keynes; Hybrid; GBP 62,000 - 76,000; Full time

Benefits offered by this job

Discretionary 10% bonus

9% employer pension (3% employee)

Car ownership / ECO schemes

Income protection

Life assurance 4x salary

Retail discount vouchers

Care Concierge

Will writing service

Cycle to work

Private medical insurance after probab

Loan car scheme

Job summary

VWFS UK is seeking a Direct Tax Manager in Milton Keynes to lead direct tax governance, optimise positions, and provide expert guidance across the business.

The role focuses on corporate tax compliance, risk mitigation, and strategic tax advice for UK and Ireland entities within a hybrid working model.

Qualifications

• CTA or ACCA/ACA qualified with post-qualification experience.
• Working knowledge of SAP FI/CMS.
• Experience in Financial Services or Automotive Financial Services desirable.

Responsibilities

• Manage HMRC relationship on direct tax matters, including queries and disputes.
• Lead corporation tax compliance, including CT returns for UK entities and Ireland.
• Oversee current and deferred tax calculations and IFRS tax disclosures.
• Prepare and review local transfer pricing documentation and mitigate risks.
• Coordinate Corporate Interest Restriction calculations with UK entities.
• Negotiate and monitor thin capitalisation arrangements with HMRC.
• Oversee UK withholding tax compliance and CT61 returns.
• Manage employment tax compliance for non-payroll matters.
• Partner with senior management to identify and mitigate tax risks.

Skills

CTA/ ACCA/ ACA qualified

SAP FI/CMS knowledge

Financial services exp

Education

CTA/ ACCA/ ACA qualification

Tools

SAP FI/CMS

Job description

About The Role

SALARY:From £69,300pa dependent on experience

LOCATION: Milton Keynes

HYBRID WORKING:

Our current hybrid working policy requires a minimum of 60% of working time to be based in the Milton Keynes office however flexibility is expected to meet the needs of the business and the role.

HOURS / CONTRACT TYPE: Full time Fixed term Contract - ends 31/03/28

CLOSING DATE: 02/12/26

We reserve the right to close the advert earlier If we receive a high volume of applications.

We’re looking for a Direct Tax Manager who willbe 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.

What you’ll bring:

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.

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 vehiclesplus 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.

About Us

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.