Executive - VAT & TAX

Elegant Group; United Kingdom; On-site; GBP 30,000 - 50,000; Full time

Job summary

A UK-based financial services provider is seeking a candidate to manage tax and VAT responsibilities. This role involves calculating AIT, TDS, and VDS, ensuring the timely submission of tax returns, maintaining compliance records, and assisting in audits. The ideal candidate should be detail-oriented with strong analytical skills and an understanding of tax regulations, contributing to the overall financial health of the organization.

Responsibilities

• Calculate AIT, TDS, and VDS in accordance with tax regulations.
• Ensure accurate preparation and submission of tax returns.
• Maintain tax-related documents and compliance records.
• Assist in tax assessments and respond to queries from tax authorities.
• Monitor updates and changes in tax laws.

Job description

Tax Responsibilities

• Calculate AIT, TDS, and VDS in accordance with the Income Tax Ordinance and NBR guidelines.
• Ensure accurate preparation and timely submission of all tax returns, including monthly/quarterly/annual statements.
• Maintain tax-related documents, challans, withholding registers, and compliance records.
• Prepare and submit TDS/VDS statements and ensure proper deduction and deposit of taxes.
• Assist in tax assessments, audits, and responding to queries from tax authorities.
• Monitor updates and changes in tax laws and ensure compliance across the organization.
• Coordinate with vendors, suppliers, and internal departments regarding tax-related documentation and queries.

VAT Responsibilities

• Ensure accurate calculation and timely submission of monthly VAT returns.
• Maintain VAT-related documents including challans, purchase and sales registers, treasury challans, and related files.
• Verify VAT invoices to ensure full compliance with NBR rules and regulations.
• Coordinate with internal departments to collect all required VAT information.
• Handle VAT rebate, refund, credit adjustments, and related processes as per law.
• Assist during VAT audits, inspections, and handle queries raised by regulatory authorities.
• Monitor changes in VAT laws and ensure timely implementation within the organization.
• Prepare periodic VAT reports and summaries for management.
• Communicate with vendors and clients regarding VAT compliance and documentation.
• Provide support to the Accounts and Finance team in all VAT-related activities.