Assistant Manager-Insurance Premium Tax

Job details

•Proposed designation

Assistant Manager

•Role type

Individual contributor

•Reporting to

Tax Manager

•Geo to be supported

UK VAT

•Work timings

8 AM to 5 PM (May differ depending on the profile)

RESPONSIBILITIES

Roles & responsibilities

•Prepare and review UK VAT returns  for financial service and real estate

clients.

•Ensure accurate treatment of standard rated, reduced rated , zero rated and

exempt transactions.

•Review VAT adjustments including partial exemption calculations, capital goods

scheme adjustments (CGS) and reverse charge transactions.

•Validate data extracted from ERP systems and reconcile VAT returns to general

ledger balances

•Support timely filings of VAT returns and compliance with HMRC requirements.

•Support client with Making Tax digital (MTD) compliance process

•Identify and implement process improvements to ensure Indirect Tax compliance

is handled efficiently and cost-effectively.

•Support internal stakeholders on Indirect Tax questions, ensuring a clear

understanding of tax implications for business transactions.

Roles & responsibilities

Training & Mentorship

• •Provide guidance and mentorship to team members on Indirect Tax issues and
• procedures.
• •Assist in training internal teams on Indirect Tax compliance and best
• practices.

Other Duties

• ·Stay up to date with changes in Indirect Tax laws and provide proactive advice
• to ensure compliance.
• ·Assist in preparing Indirect Tax reconciliations and regular clearance of open
• items
• ·Support ad-hoc Tax projects or corporate restructuring efforts as required.

QUALIFICATIONS

Educational qualifications

•Bachelor’s degree in accounting, Finance, Business Administration, or a related

field.

•Additional qualifications such as CA or equivalent certifications are

preferred.

Work experience

•5+ years of experience in Indirect Tax compliance, tax consulting, or a similar

role.

•In-depth understanding of Indirect Tax laws and regulations, including VAT,

GST, sales tax, and accounting.

•Working experience with Indirect Tax APAC/ EMEA region and knowledge around IPT

is an advantage.