Vat Compliance Manager

4 weeks ago


London, United Kingdom Tag Full time

Job Description

Why choose Tag?

We are the long-standing, production partner of choice that has helped brands across borders and cultures for over half a century achieve their business goals. With 2,700 experts in 29 countries across the world, we are a global team of collaborators, innovators, and motivators.

We pride ourselves on creating empowering, safe, and supportive environments for all our employees, regardless of race, gender, sexual orientation, ability, or any other defining factor. We embrace difference through diversity of thought, experience, and expertise to maximise potential and bring the greatest benefits for our people and our clients.

We can’t bring big ideas to life without exceptional people. At Tag, we respect individuality and the power of the collective. We want people to be themselves, unafraid to voice ideas, no matter how big they are or who they come from.

In June 2023, Tag was acquired by dentsu Group, Inc, though we remain a distinct brand that is led by David Kassler, Tag Global CEO, headquartered in London. As dentsu’s acquisition of Tag significantly expands content delivery capabilities, Tag’s expertise to deliver personalized, omnichannel content in real-time and at-scale for clients remains unparalleled across the entire customer journey, unlocking marketing effectiveness and efficiency.

Tag and dentsu bring together our innovation and technology infrastructure to help solve clients’ toughest challenges. United in business acumen, we share similar core values, company culture, and embrace a vision “to be at the forefront of people-centric transformations that shape society.

dentsu was founded over 120 years ago and proudly counts nearly 72,000 employees around the world.

Job Description

This role primarily reports into the Indirect Tax Manager, which is a high-profile role responsible for accounting and financial reporting activity for the EMEA region along with forecasting / budgeting and cash flow. The principal accountabilities of the VAT & Accounting Manager include:

  • the accurate and timely reporting of indirect taxes (primarily) VAT for Tag EMEA entities
  • the identification of inefficiencies and errors, and implementation of improvements to processes and working practices
  • the fielding of queries from the tax authorities
  • tracking recovery of input tax claims
  • supporting a strong control environment.

Of significance are the overseas transactions, which can be complex, and the implications they have for the overseas VAT registrations. The UK group VAT registration is by far the largest return and complex to reconcile and control.

Job Qualifications:

· A qualified accountant with at least 5 years PQE and experience in a large corporate organisation.

· Good IT skills, especially Excel (Pivot tables, VLOOKUP, etc.)

· Experienced user of a large ERP system

· Experience of a multiple VAT registrations.

· Innovative and resourceful

· Tenacity to solve problems and drive improvements in a complex reporting environment

· Excellent communicator with the ability to influence across a wide network

Responsibilities

Managing the relationships with:

· External service providers for completion of foreign and UK VAT, ESL and Intrastat returns

· External offshore accounting team in respect of validating process and matters that have a VAT implication

· global indirect tax lead in respect of the more technical / specialised VAT matters

· Commercial teams in respect of proposed transactions

· Preparing and reporting the VAT, ESL and Intrastat returns for all EMEA VAT registrations, using the services of the external service provider.

· With the support of the external service provider, field all queries from the tax authorities. Such work would include specific queries relating to individual returns and to the collection of VAT receivables. This role would also be central to any VAT audit, with support from the global indirect tax lead, where appropriate.

· Carrying out / arranging detailed compliance checks to ensure VAT accounting accuracy – checking validity of sales invoices and amending details where appropriate; checking validity of purchase invoices and ensuring that the business is entitled to recover VAT, where appropriate.

· Reconciliation of all VAT General Ledger Accounts, using the VAT registration worktag.

· Management of VAT receivables and reporting on the status of collections. Arranging VAT payments, including the management of the ROS and the cfspro websites.

· With the help and support of the global indirect tax lead, the provision of basic VAT accounting advice to all areas of the business.

· Registering or deregistering VAT entities, as required.

· Managing the fees of the external service provider.

As an ethical employer, Tag will never ask job applicants to provide private, sensitive information upfront or make offers of employment contingent on financial requests or responsibilities from any candidate.

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