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VAT Management Accountant

Date: Aug 24, 2019

Location: London, United Kingdom

Company: KPMG UK

Department Information

We are the in-house tax team for KPMG International (“KPMGI”). This is a unique opportunity to work in an internal rather than client-facing KPMG team.

KPMGI carries on business activities for the overall benefit of KPMG network firms, but does not provide professional services to clients. One of the main purposes of KPMGI is to facilitate the provision by KPMG network firms of high-quality audit, tax, and advisory services to their clients. For example, KPMGI establishes and facilitates the implementation and maintenance of uniform policies and standards of work and conduct by the KPMG network firms, and protects and enhances the use of the KPMG name and brand for the benefit of these entities. KPMGI also provides a range of services to KPMG network firms.

The in-house tax team works on a wide and varied range of tax matters across direct and indirect tax. Some of the work is UK focused but much of the work is international, dealing with a variety of jurisdictions outside the UK. We drive the tax strategy, which means understanding KPMGI’s business requirements and interacting with a variety of internal and external stakeholders to provide tax advice, and ensure that tax obligations are met around the world. The work is varied and we operate in a challenging and stimulating environment.

Role and Responsibilities

We are looking for a full time VAT Management Accountant specializing in indirect tax compliance work. The role is based in Canary Wharf, London and involves working closely with our Finance Team who sit in Toronto, Canada, and our third-party offshore Finance Provider, who is based in India. The other members of the in-house tax team are all based in London except for the Head of Tax, who is based in the US. We may be able to accommodate a candidate based in another location (e.g. Watford) although the role would involve considerable time in Canary Wharf.

Most of the work relates to European VAT, but there is also an HST (Canadian indirect tax) element. Other indirect tax compliance work, including sales & use tax, falls within the role. The role reports to KPMGI’s VAT Manager.

The successful applicant will be a VAT Management Accountant with experience in European VAT work. Whilst training will be provided on the job, a basic level of competency in indirect tax compliance work is an absolute requirement. No US or Canadian indirect tax experience is required.

The successful candidate will be experienced at using different accounting systems, and working with offshore Finance Providers. The successful candidate will need to enjoy working independently, and taking responsibility for complex data analysis tasks that require a methodical approach.

Day to day, the successful candidate will be responsible for working alongside the VAT Manager to achieve the following:

• Preparation and submission of all indirect tax returns (e.g. European VAT returns, EC Sales Lists, HST returns, sales & use tax returns, etc…), including gathering and analysing data from the underlying accounting systems.
• Assist the Toronto based Finance Team with reconciling the above returns to the general ledger, including the indirect tax control accounts.
• Assist the Toronto based Finance Team with monitoring all indirect payments and receipts, and assisting with the reporting of indirect tax for management and statutory accounting purposes.
• Reviewing the indirect tax aspects of sales invoices, and KPMGI’s external Finance Provider’s coding of purchase invoices, including liaising with Financial Controllers where necessary.
• Ensuring that a full audit trail to support all returns is maintained, and all technical analysis supporting indirect tax positions taken is fully documented.
• Dealing with new indirect tax registrations, including understanding invoicing requirements and interactions with any other existing registrations.
• Assist the Toronto based Finance Team with supervising the collection of data by our external Finance Provider for direct tax reporting purposes, and completing proforma direct tax calculation schedules.
• Continuous training of our external Finance Provider, and monitoring of their performance against key performance indicators.
• Working with the VAT Manager on our indirect tax internal audit programme and any external VAT audits, and also, alongside the VAT Manager, deal with VAT queries raised internally or by tax authorities.
• Assisting with designing and implementing changes in systems and processes in order to improve the quality and efficiency of the indirect tax compliance processes, and ensure adherence to new indirect tax legislation, including digital requirements.

Qualifications and Skills

You will need to have at least 2 years of experience in a role with significant VAT accounting responsibilities.
There could be many routes to gain the experience required for this role, and we therefore do not want to be too prescriptive in defining specific educational achievements. As a basic, however, we would expect appropriate vocational qualifications.

Significant on the job training will be provided. The first 6 months of the role will involve on the job training, intensive at first and becoming less so and increasingly replaced by independent work over the course of the 6 months.

Experience and Background

The successful applicant will have the following skills.

• Competent at extracting information from accounting systems, and reconciling data to the general ledger.
• Good understanding of indirect tax rules, including invoice requirements, foreign exchange VAT accounting, place of supply rules and reverse charge VAT accounting. The London Tax Team have extensive VAT expertise and will support the successful candidate in their day to day work.
• Track record in building excellent relationships with offshore Finance Providers, and ensuring that they consistently provide high quality work within pre agreed deadlines.
• Ability to spot unusual issues outside your knowledge and experience, and to refer these internally for further consideration.
• Strong team player but also capable of working methodically and independently.
• Strong attention to detail
• Ability to communicate effectively, both in writing and orally, and used to working cross border via email and telephone.

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