Purpose

Reporting to the Chief Manager, this role is responsible for preparing tax reports, maintaining tax-related documentation, and will act as a key contact for tax projects and inquiries for the Branch. Additionally, provide support to the Accounts & Tax team on ad hoc tasks as needed. 

Key Responsibilities

a. UK Tax Compliance & Reporting

• Prepare, compile and explain UK Corporation Tax for London office, including application of Capital Allowance, CATA (Capital Attribution Tax Adjustment) and transfer pricing adjustment. 

• Compile Bank Levy information and provide tax-related data for UK group reporting.

• Prepare and submit internal tax reports, ensuring compliance with regulatory requirements, including Pillar 2 calculations and disclosers. 

• Prepare and file other business taxes, including VAT returns with PESM (Partial Exemption Special Method), BBSI (Bank & Building Society Interest), ATED (Annual Tax on Enveloped Dwellings).

• Accurately update the Transfer Pricing Local File and maintain Tax Strategy, aligning with regulatory requirements and business needs.

• Identify opportunities for tax refunds, prepare the necessary refund forms, and submit claims in compliance with applicable regulations to optimise tax recovery

b. Policy application & Compliance 

• Apply appropriate UK accounting standards in tax-related work.

• Apply with the London office,s tax policies and procedures.

c. Document & Certification Management

• Provide tax certificate and tax forms, as required by custodians and different stakeholders

• Provide FATCA (Foreign Account Tax Compliance Act) related documentation upon request.

d. Risk Management

• Work closely with and respond to queries from other departments, such as auditors and Head Office, to provide relevant tax information.

• Draft documents as per HMRC’s information request.

• Review and update existing policies and procedures related to tax.

• Proactively identify and report discrepancies, unusual transactions or potential high-risk activities, ensuring compliance and mitigating financial and operational risks.

Required Skills:

• 3-5 years of UK corporate tax experience, within banking or financial services industry in the UK.

• Relevant experience in finance function of banking industry and/or financial service industry. 

• Basic understanding of financial instruments and the relevant accounting requirements in the UK. 

• Comprehensive understanding of UK tax laws and regulations, including corporate tax and VAT to ensure compliance and ability to provide accurate guidance.

• Strong competence in excel, and open to learn new systems and technologies.

• Excellent communication skills to convey complex tax information clearly to stakeholders at all levels both internally and externally.

• Capacity to analyse complex tax issues and develop effective solutions, ensuring compliance and optimising tax positions. 

• Effectively managing multiple tasks and deadlines to ensure timely tax filings and project completions.

• Flexibility to adjust to changing tax laws and regulations, ensuring ongoing compliance and strategic planning.

Qualifications:

• Bachelor’s degree in accounting, Finance, Economics or related field. 

• Or master’s degree in taxation, Accounting, or Finance (desirable but not essential)

• Professional accounting qualifications such as Association of Chartered Certified Accountants (ACCA) or Institute of Chartered Accountants in England and Wales (ICAE/ACA), or Chartered Institute of Taxation (CIOT)

• Association of Taxation Technicians (ATT), or Advanced Diploma in International Taxation (ADIT).

• OR Professional UK based tax qualification such as Chartered Tax Advisor (CTA) is desirable.

Desirable Skills:

• Some international exposure in tax work (e.g., transfer pricing, FATCA reporting, VAT PESM, Pillar 2 preparation) are advantage.