VAT Manager - Vice President - eFinancialCareers : Job Details

Michael Page are partnering with a well-regarded Financial Services Advisory Firm to assist them in hiring a VAT Manager for their Central London based team.

Description

Key responsibilities of this VAT Manager role in the Financial Services sector in London:

• Review and submission of monthly UK VAT returns based on Partial Exemption Special Method (PESM) for the UK group, and for other entities where applicable.
• Monthly review of transactions for reverse charge invoices for inclusion in monthly VAT returns.
• Monthly review of sales transactions to ensure the correct PESM % is applied.
• Ensure VAT consequences of inter-company transactions are documented, recorded, and treated correctly for VAT reporting.
• Preparation of accounting entries reflecting the partial exemption position of the group.
• Calculation of the annual PESM calculation, submission and annual filing
• Calculation of the annual VAT Capital Goods Scheme adjustment; Review of CGS and submission of annual filing.
• Monthly reconciliation of VAT / GST accounts to submitted VAT returns for all EMEA entities.
• Monthly SOX files/balance sheet substantiation preparation and sign off
• Management reporting on irrecoverable VAT and key drivers of change
• Key contact person for audit related VAT queries.
• Provide VAT advice across all entities (see below for entities) to ensure risks are managed and mitigated.
• Review engagement letters with clients to ascertain the VAT status of the supply.
• Responsible to monitor key changes that may affect the WD system and to implement changes with system teams as required.
• Managing and supporting junior tax staff
• VAT risk management - Tax review and sign off to comply with CCO and DAC 6 regulations on all cross border engagements, or where amendments to the initial engagement has been raised.

Profile

Education and Experience required for this VAT Manager role in the Financial Services sector in London:

• Qualified CTA/ Accountant with relevant VAT specialism
• Experience of working with a Partial Exemption Special Method
• Experience of Capital Goods Scheme calculations
• Experience of VAT rules pertaining to international supplies of services
• Experience of VAT rules pertaining to the financial services exemption
• Experience of working across multiple jurisdictions
• Up to date knowledge of relevant VAT legislation
• Advanced proficiency with MS Excel required
• Knowledge of UK GAAP and US GAAP desirable

Job Offer

For this VAT Manager role, in the Financial Services Sector, the Company offers:

• Attractive package and benefits
• Hybrid working

We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.