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VAT Assistant

Date: Jul 31, 2019

Location: Watford, United Kingdom

Company: KPMG UK

Job Title: VAT Assistant
Job Type: 12 month - FTC
Grade: E2
Reporting to: Senior VAT Manager
Working Hours:
Location: Watford

Job description
KPMG’s Partnership Tax Team forms part of the UK firm’s in-house finance function, which is part of KPMG Business Services. The team is responsible for all aspects of the UK firm’s internal tax affairs, covering corporate tax, overseas tax, VAT, employment tax and the personal tax affairs of the partners.

Key responsibilities

The key responsibility of this role is supporting the VAT team in the preparation of month end VAT reporting, the reconciliation of VAT and expense general ledger codes and support in the provision of VAT guidance to internal stakeholders of KPMG.

VAT month end reporting
• Running monthly SAP reports and preparing files for review, ensuring all necessary supporting schedules have been obtained and validated
• Reviewing tax coding for specific tax codes on fee notes and sundry invoices
• Completing the monthly reconciliation of VAT GL account codes
• Contacting and following up with users who have posted entries with incorrect tax codes
• Reviewing multiple expense general ledger codes to identify business entertainment
• Carrying out sample VAT reviews of employee expenses claims submitted via the employee expenses system

VAT and ECSL returns
• Assisting the members of the VAT team to prepare the quarterly returns for review
• Ensure all VAT adjustments that are not posted but supplied within the VAT return periods are verified, accounted for and posted to the respective VAT GL codes
• Following the submission of the returns ensure all VAT ledgers are cleared in a timely manner and reflect the correct payment allocations by entity and VAT GL code
• Monitor the payments on acocunt schedule and ensure balances are settled in advance of the due dates
• Use the VIES tool to validate EU VAT numbers and where applicable, liase with client service teams to update invalid VAT numbers
• Prepare the ECSL return and schedule for bulk upload onto the HMRC portal

Internal VAT helpline
• Contact client service teams for supporting information when requesting billing code amendments
• Carrying out sample checks of fee notes issued by KPMG to ensure billing code amendments approved by the VAT team agree

• Assisting other members of the Partnership tax team in carrying out:
• Periodic reviews of GL ledger codes for employment and corporation tax reporting
• The analysis of travel data for overseas tax reporting
• Maintaining an up to date schedule of reporting, payment and filing dates for all domestic and international tax returns
• Handling any other ad hoc reviews and projects undertaken by the Partnership tax team

Experience and background

• Comfortable around the use of systems (SAP beneficial) and the ability to analyse large volumes of data accurately
• Highly numerate and comfortable in communicating both verbally and orally to internal stakeholders
• The ability to work well within the tax team and wider finance function
• Experience in VAT (essential) with an understanding of what is involved in the VAT return process including the basic rules regarding the deductibility of VAT

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