Indirect Tax Accounting Manager

Direct Line Group; Leeds; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance provider is seeking an Indirect Tax Accounting Manager to oversee VAT accounting and compliance. This role involves leading the VAT reconciliation process, coordinating with the finance team, and ensuring accurate submissions to HMRC. Ideal candidates will have a strong background in UK tax accounting and relevant qualifications, along with an ability to work independently and collaboratively. Additional benefits include flexible working and a competitive salary.

Benefits

50% off home, motor, and pet insurance

Up to 10% annual bonus

25 days holiday + bank holidays

Optional Health and Dental insurance

EV car scheme

Employee discounts

Qualifications

• Post qualification experience in accounting or tax role.
• Solid technical grounding in UK tax accounting.
• Awareness of indirect taxes in the financial sector.

Responsibilities

• Management and review of VAT account reconciliations and returns.
• Lead the monthly review of VAT accounts reconciliation.
• Consolidating and filing of the VAT group quarterly VAT return.

Skills

Effective working relationships with tax authorities

Ability to work independently

Team collaboration

Education

Suitable tax qualification

Chartered Institute of Taxation or similar

Job description

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Indirect Tax Accounting Manager
Location: Leeds or London – Hybrid working – 2 days per week in the office

Let’s make the most of your talent

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement , we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

What you’ll do

Reporting to the Head of Indirect Tax, the role involves having primary responsibility and ownership of the management and review of VAT account reconciliations and returns. Leading on the relationship with Finance Shared Service in overseeing the VAT accounting across all group entities in the VAT group and preparing the consolidated group VAT return for submission via the HMRC upload feed. Supporting the business with Tax SME resource with projects and new business initiatives that have a transactional impact, ensuring correct accounting, postings in the GL and carrying out post implementation reviews.

• Lead the monthly review of the VAT accounts reconciliation prepared by Finance Shared Service to ensure any reconciling differences are analysed and clear next steps are advised to remediate.
• Lead the review of the quarterly legal entity VAT returns ensuring all transactions are included correctly in line with VAT regulations and the PESM and advise on treatment of new or non-standard transactions.
• Consolidating and filing of the VAT group quarterly VAT return to HMRC in-line with the statutory deadlines and overseeing the payments to ensure that the liabilities and payments on account are made on time.
• Complete the annual Partial Exemption Special Method and Capital Goods Scheme calculations.
• Preparation of Error Correction Notifications (ECNs) to HMRC, evaluate any evidence to support the ECN and co-ordinate any necessary remedial actions across the Group.
• Maintenance of the property Option to Tax register and preparation of any new option to tax notifications for VAT purposes and review of the property income from managing agents.
• Review of supplier set-up, third-party invoicing, intra-group services and ensure all agreed design and build processes and contractual terms are followed and provide advice to Finance and Business colleagues regarding best practice.
• Review of end to end Motability VAT postings, reconciliations and Vat statement are correct and complete remediating any errors and advising on improvements.
• Co-ordination of the continuous improvement of indirect tax reporting and audit processes in relation to VAT accounting.
• Ensure tax & non-tax risks and issues are recorded and supporting the Head of Indirect Tax to ensure the issues are resolved through appropriate channels.

What we are looking for

• Suitable tax qualification, Chartered Institute of Taxation, Institute of Chartered Accountants in England & Wales or other accounting qualification

• Post qualification experience in an accounting or tax role.

• Solid technical grounding in UK tax accounting with an awareness of indirect taxes in the financial sector.

• Effective working relationships with tax authorities and external advisers.

• Ability to work independently and as part of a team.

What we’ll give you in return:

We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Core benefits include:

• 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
• Up to 10% annual bonus
• 25 days holiday (rising by 1 each year to 28) + bank holidays and option to buy or sell up to 5 days
• Additional optional Health and Dental insurance
• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
• Buy as you earn share scheme
• Employee discounts and cashback
• Plus many more

Ways of Working

Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options

that work best for you. Read our flexible working approach

There’s no-one else like you. No-one with the exact same mix of strengths, quirks, skills and thoughts. That’s why you could belong here. As part of a team of brilliant individuals, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every single one of us brings. Join us . Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.