Head of Tax

Competitive Salary + Bonus, 27 Days Holiday, Onsite Gym

Malmesbury

Description

Reporting directly to the CFO, the Head of Tax will head up the existing tax team of four people and will be responsible for the provision of tax advice; overseeing and reviewing tax compliance and accounting for all relevant the relevant companies, partnerships and family members themselves; and HMRC relationship management.

Market Overview

Established in 2013, Weybourne is the family office for a single affluent family.  Weybourne manages investments and provides financial and other professional support to the family, their estates, and to their business interests.  The latter covers a wide range of sectors, including farming, aviation, music and several others. 

Function Overview

We currently have a team of around 55 employees, whose roles cover accountancy and financial control, tax and treasury, property and investment management, security, risk, and HR.

Accountabilities

Reporting directly to the CFO, the Head of Tax will head up the existing tax team of four people.

The role has four main strands to it. The first is the provision of tax advice to the Dyson family and the various different businesses they operate outside of the Dyson trading group. The second is overseeing and reviewing the tax compliance and accounting for all of their companies (excluding the Dyson trading group), partnerships and family members themselves. The compliance activities cover all taxes, including corporate tax, income tax, VAT, employment taxes, and stamp duty. The tax accounting involves the consolidation of c.50 companies including the Dyson trading group. The third is the management of the relationship with HMRC on both the personal side with the HNWU and on the corporate side with the LBS. The fourth is providing people management to the four members. The team members vary from tax graduates to experienced tax staff so previous experience of managing people at different stages of their career is preferred.

It is envisaged that someone coming into this role may well have technical knowledge gaps given the wide range of taxes covered therefore the successful candidate must have a desire to want to broader their knowledge and learn about the different taxes in order to be successful in this role.

Main Duties/Responsibilities:

  • Manage the tax affairs of the Dyson family. The key activity is coordinating tax across all of the diverse businesses and activities.  This includes three complementary activity areas; actively managing tax in-house; managing third-party advisors; working closely with the Dyson group tax function.  
  • Manage the UK and US tax position for all the family’s directly and indirectly owned corporate entities. Coordinate and lead relationship with HMRC from both a personal tax and corporate tax perspective.
  • Lead on the changes which will affect the group as a result of upcoming tax changes including the BEPS actions. This specifically includes CbCR and the requirement to publish the UK tax strategy.
  • Ensure the timely submission of tax returns and computations of all individuals and entities, directly or using external service providers for Family Office entities.
  • Review the tax accounting process and ensure that all entity and consolidated accounts show appropriate tax figures and disclosure, including preparing the Board report. 
  • Review the QIP calculations ensuring that they are correct and payments made on time, and manage in year tax provisioning in the wider context.  
  • Ensuring the preparation, review and submission of all tax returns and payments prepared by Weybourne is completed on time and in line with a time efficient process. 
  • Monitor the tax position of all operations and suggest and implement appropriate actions.
  • Support acquisitions and similar transactions from a tax perspective.
  • Provide support to the CFO on any other matters which may arise
  • Communicate the impact of changes in tax legislation and tax accounting to the Board and the family, and identify opportunities which will optimise tax efficiencies.
  • Manage and develop the tax function, supporting the team in continuing to build good internal working relationships and ensuring tax returns and computations are right first time.  The management will include, for example, holding regular one-to-ones, providing coaching and conducting twice yearly performance appraisals.

Skills

The vast majority of the family’s business activities are carried out through corporate entities, as such corporate tax experience is essential.  Experience of the corporate tax aspects of financial investments and commercial property is highly desirable.  Project management experience is also preferred as the Family Office carries out a large amount of project work, of which most require tax input.

Previous experience of UHNW families is desirable although the tax aspects of this can be developed on the job and through technical training.  

Benefits Overview

Technical:
  • ACA/ACCA and/or CTA qualified
  • Over ten years’ post-qualification experience with at least five years’ managerial experience in a substantial multinational business.
  • Significant experience of working with HMRC at a very senior and/or policy level.
  • Excellent tax technical knowledge across the full suite of taxes, and experience of investment companies is desirable
  • 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
  • Willingness and ability to adapt quickly to new and unfamiliar challenges
  • Flexibility and willingness to tackle anything

Posted: 5-Sep-2017

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