Corporate Tax Manager

£40-£55k + Bonus + Onsite gym

Malmesbury

Description

This is a full-time position which can be based in either Malmesbury or London. Regardless of location, regular travel between the two will be required.

Market Overview

We are based in Malmesbury (in the beautiful Wiltshire countryside) and our site includes a sports centre and gym, coffee bars, subsidised cafés, and free parking. Staff perks include 27 days’ annual leave and generous staff discounts on a range of household appliances. We also have a small investment office in London.

Function Overview

Established in 2013, Weybourne is the Dyson Family Office. Weybourne oversee investments and provides financial and other professional support to the family, their estates, and to their other business interests.  The latter covers a wide range of sectors, including farming, aviation and retail.  Our team of employees have roles covering accountancy and financial control, tax and treasury, property and investment management, security, risk, IT, systems and HR.

Accountabilities

The role has three main strands to it. The first is the management of the UK and US tax compliance aspects of financial investment and commercial property transactions, together with reviewing the tax advice provided by those teams and ensuring it is correct at all times. The second is tax management for various different companies in the group, encompassing compliance and improvements to existing processes and structures looking to achieve benefits from the appointment of a new Custodian.  Financial investments range from managed portfolios of international equities to complex private equity structures. The property portfolio comprises high-end commercial London properties and a large retail store. The third is the provision of tax compliance services to other entities within the Weybourne group as and when required.

It is envisaged that the successful candidate will be either ACCA/ACA or CTA qualified with post-qualification experience. Knowledge and experience of investment and/or property taxes is preferable but not essential. Experience across a mix of different tax areas is also preferred.

Main Duties/Responsibilities:

  • Take the lead on the group’s corporate tax affairs including leading the investments compliance and oversee the tax advice given by the investments team and their advisors. 
  • Give tax support on commercial property acquisitions for family investment companies; working with the property team and their advisers to optimise tax efficiency and acquisition structuring, identify and manage tax risks, including reviewing tax warranties and indemnities.
  • Review the share pooling for the equity portfolios, the work having been prepared by the Tax Graduate in the team.  Provide support to develop them.
  • Prepare year-end corporation tax returns and computations, including participating in pre-file meetings with HMRC.
  • Ensure non-UK and intergovernmental tax obligations are met, including managing the outsourced US tax return compliance, identifying and managing tax compliance obligations in other countries, and managing FATCA compliance. 
  • Draft replies to HMRC queries and enquiries
  • Own and develop the SAO (Senior Accounting Officer) certification process for the parent company of the corporate group and its subsidiaries. 
  • Prepare the QIP calculations and ensure that payments are made on time, whilst managing in-year tax provisioning in the wider context.   
  • Prepare tax accounting calculations and ensure that all entity and consolidated accounts show appropriate tax figures and disclosures, including preparing an explanation of the groups Effective Rate Tax and Total Tax Contributions for the Board.  As part of this, lead a review of the processes and systems used for calculating and consolidating the group’s statutory tax figures. 
  • Provide input into tax provisions for management accounts and budgets.  Oversee the development of slick processes for collating the information required from the investments team and other parties (internally and externally).
  • Prepare the VAT compliance and accounting for the entities within the Weybourne VAT Group, including ensuring partial exemption calculations are in accordance with the partial-exemption special method (PESM) agreed with HMRC and monitor the VAT Group and PESM are regularly reviewed to ensure tax efficiency is optimised.
  • Develop a strong working relationship with the investments and property teams (front office in London, back office in Malmesbury) in order to provide timely tax advice and solutions to challenges which arise.
  • Build a strong relationship with the Dyson trading group tax team, such that there is a good level of understanding of the interactions with them.
  • Ensure timely submission of all tax returns, claims and elections relating to the family investment companies.
  • Provide tax support on projects as and when required
  • Continue to build and maintain good relationships with third party advisers to ensure that the best advice is being obtained.
  • Provide support to the team on any other matters which may arise.
  • Assist in communicating the impact of changes in tax legislation and tax accounting to the Board and the family, and identify opportunities which will optimise tax efficiencies.
  • Commit to developing yourself within your role, undergoing training where necessary.
  • Promote and maintain high standards of work – taking the initiative to resolve or draw attention to areas that don’t meet required standards, or to any issues that arise.
  • Conduct yourself in line with the Weybourne Values; loyalty, flexibility, integrity, initiative and courage.

Skills

Person specification / Core Competencies:

Technical:
  • Either ACCA/ACA and/or CTA qualified
  • Minimum of three years’ tax experience post qualification
  • Exposure in dealing with property transactions and investment funds, including private equity and M&A experience would be preferable.
  • Good tax technical knowledge across the full suite of taxes, including VAT, and experience of investment companies is desirable but not essential
  • Strong appreciation of how tax fits into the wider business context
  • Ability to understand tax issues and convey the impact to a lay audience

Behavioural:
  • Tenacious
  • Able to juggle projects simultaneously and deliver projects on time.
  • Effective and diplomatic in dealing with colleagues and departments and with third party advisors
  • A commercial and pragmatic approach
  • Willingness and ability to adapt quickly to new and unfamiliar challenges
  • Unquestionable levels of integrity and confidentiality

Benefits Overview

We monitor the market to ensure competitive salaries and pension contributions. Beyond that, you’ll also enjoy a profit-related bonus, generous leave and life insurance. And with a vibrant culture, flexible working hours, the latest devices and a relaxed dress code reflecting our engineering spirit, it’s an exciting team environment geared to creativity, innovation and ambition.

Closing date of 4th September.

Posted: 16-Aug-2017

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