Tax Accountant in FINANCIAL CONTROL AND REPORTING

Bank of England; Leeds; On-site; GBP 45,000 - 60,000; Full time

Job summary

Join a dynamic tax team at the Bank of England as a Tax Accountant, contributing to financial stability. You'll handle VAT compliance, mentor junior colleagues, and provide tax advisory support. This role is critical for creating tax numbers in annual accounts and ensuring compliance with regulations.

Benefits

Non-contributory pension

Discretionary performance award

8% benefits allowance

26 days' annual leave

Private medical insurance

Qualifications

• Experience of UK banking tax, ideally with exposure to banking VAT.
• Good numerate and proficient user of Microsoft Excel.

Responsibilities

• Preparation and review of VAT returns.
• Provide tax advisory support to the business.
• Liaising with HMRC on issues as they arise.

Skills

Integrity

Communication

Attention to Detail

Organizational Skills

Education

Chartered Accountant Qualification

Chartered Tax Advisor Qualification

Tools

Microsoft Excel

Job description

Tax Accountant in FINANCIAL CONTROL AND REPORTING

Job Description

Location: Leeds or London

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its c.5,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Finance & Performance Directorate plays a critical role in protecting the Bank's financial position and reputation. The overall purpose of the Directorate is to contribute to the successful execution of the Bank's aims and objectives by ensuring it has an appropriate financial platform for its broader responsibilities, and for the challenges facing an organisation of more than 5,000 staff, with annual expenditure of circa £700mn.

The Finance & Performance Directorate has four main Divisions, Financial Reporting & Control, Financial Analytics & Insight, the Corporate Investment Portfolio Office and Finance Strategy.

Job description

This role is an exciting opportunity to join a modern dynamic tax team working at the Bank of England.

A day in the role

Due to the varied nature of the role, there is no such thing as a typical day.

You will be working on VAT Compliance and advisory and providing Tax advisory support to front or back-office functions in the bank.

You will also help to mentor junior colleagues in the team.

Role Requirements

Responsibilities of the role:

Core

• Preparation and review of the Partial Exemption Special Method and VAT returns
• Provide tax advisory support to the business
• Liaising with HMRC on issues as they arise and timely response to queries.

Additional with experience

• Support the Tax team in providing corporate tax support to group companies: Help, prepare UK corporate tax computations and file returns. In addition, assist with producing tax disclosures for inclusion in their statutory accounts and dealing with tax technical issues as they arise. Help to resolve tax queries from our external auditors, EY.
• Support the review of the Corporation Tax return.
• Support the Bank's submissions under the US Qualified Intermediary Programme.

In terms of behaviours, we're looking for someone who will bring the following to the team:

• A high level of integrity, organisation and self-motivation with a desire for self-improvement
• The ability to build effective working relationships with others and provide challenges where appropriate
• Excellent interpersonal and communication skills
• Strong attention to detail

We are interested in hearing from candidates who have the following capabilities:

Minimum Criteria

• Chartered Accountant or Chartered Tax Advisor Qualification (UK Qualified)
• Experience of UK banking tax, ideally with exposure to banking VAT
• Good numerate and a proficient user of Microsoft Excel

Other skills

• Excellent attention to detail
• Good organisational skills with the ability to prioritise work
• Able to work under pressure and to tight deadlines where necessary
• Confident to maintain and develop the good working relationships we have with colleagues in the businesses we support
• Self-motivated and resourceful
• A good team player
• Flexibility and adaptability to work in a fast-paced environment with multiple deliverables and ongoing change
• Alpha tax experience

How this role fits into the wider bank:

This role plays a critical function in the Bank by creating the tax numbers in the annual accounts for the Bank of England and also provides tax advisory to the business functions in the Bank.

Our Approach to Inclusion

The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.

At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public.

We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.

For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.

Finally, we're proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.

Salary and Benefits Information

We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.

The role for this salary is Competitive.

In addition, we also offer a comprehensive benefits package as detailed below:

• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year.
• A discretionary performance award based on a current award pool.
• A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days' annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection.

National Security Vetting Process

Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.

The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

The Application Process

Important: Please ensure that you complete the 'work history' section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It's therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.

The assessment process will comprise of two interview stages.

This role closes on 23 May 2025

Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.

About Us

We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.

Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.

It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.

There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.

Join us and find a bank like no other. Together, we can make a difference.

The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you're successful we'll use it to offer you a position and onboard you to join the Bank.

If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice