Manager/ Sr. Manager - Vat & Tax

A Reputed Group of Company (Woven Garments); United Kingdom; On-site; GBP 50,000 - 70,000; Full time

Job summary

A reputable manufacturing firm in the United Kingdom is seeking a Tax Manager with 8-10 years of experience in Income Tax and VAT management. The ideal candidate will ensure compliance with tax regulations, manage submissions, and represent the company during tax hearings. Skills in strategic planning and financial reporting are essential. This is an excellent opportunity to lead tax functions in a dynamic environment.

Qualifications

• 8-10 years of experience in tax management and compliance.
• Strong knowledge of TDS and VAT regulations.
• Experience in handling tax audits and liaising with tax authorities.

Responsibilities

• Manage TDS calculations and timely deposit.
• Prepare and submit corporate tax returns.
• Represent the company in tax hearings.

Skills

Income Tax Management

VAT Management

Tax Return Submission

Financial Reporting

Strategic Tax Planning

Job description

Job context: The ideal candidate must have at least 8-10 years of working experience in handling and leading the Income Tax & VAT related functions of any reputed Group of Company.

Responsibilities

Tax Management:

• TDS Management: Ensure accurate calculation and timely deposit of Tax Deducted at Source (TDS) on all applicable payments.
• Return Submission: Prepare and manage the submission of corporate and withholding tax returns on a monthly, quarterly, and annual basis.
• Prepare Annual Return: Submit to respective circle in due time.
• Assessments & Hearings: Represent the company in tax hearings, finalize assessments with tax authorities, and respond to all tax-related queries.
• Financial Reporting: Work closely with the finance team to prepare financial statements that are compliant with tax and VAT regulations.
• Strategic Planning: Develop and implement effective tax planning strategies to minimize tax liabilities and optimize the company's tax position.

VAT Management:

• Filing and Reporting: Supervise the accurate and timely preparation, submission, and payment of monthly VAT returns (Mushak 9.1).
• VDS Management: Ensure correct calculation, deduction, and deposit of VAT Deducted at Source (VDS). Issue VDS certificates (Mushak 6.6) to suppliers as required by law.
• Documentation: Maintain all statutory VAT registers and records (e.g., Mushak 6.1, 6.2, 6.3) and other relevant documents as per the law.
• Audit & Liaison: Manage VAT audits and assessments from the VAT authority. Act as the primary point of contact for VAT Circle, Zone, Commissionerate, and the National Board of Revenue (NBR).
• Refunds and Adjustments: Oversee the process for applying for VAT refunds, managing adjustments, and handling appeals.