Vat Compliance Specialist

4 weeks ago


London, United Kingdom Lorien Full time

We are looking for a full time VAT Compliance Specialist for six months. The role is hybrid with office days in Canary Wharf, London, where most of the in-house tax team, who also have hybrid roles, are based. The role involves working closely with our Finance Team who sit in Toronto, Canada, and our third-party offshore Finance Provider, who is based in India.

Most of the work relates to European VAT, predominately in the UK.

**Responsibilities include**:

- Preparation and submission of all indirect tax returns.
- Working with other KISL Teams to ensure that all aspects of KISL's systems which relate to the VAT returns, including the gathering and analysing of data from the underlying accounting systems, are efficient and accurate.
- Reviewing the Finance Team's reconciliation of the data across the general ledger and between AR / AP and the VAT control account. Ensuring that the ERP system is able to accommodate new VAT registrations and VAT reporting requirements on a timely basis and managing advisors responsible for system improvements, to the extent they relate to VAT.
- Advising the business on day to day invoicing matters (purchases and sales), and other ad hoc matters.
- Assisting with the data aspects of any indirect tax audits.
- Supporting the Offshore Finance Provider in their VAT related work.

**Qualifications and Skills**:
At least 2 years of experience in a role with significant VAT management accounting responsibilities, including experience of preparing and reviewing accounting records to VAT reconciliations and checking the accuracy and completeness of data sets.

Note that this role is not suitable for someone who does not have experience of working in-house on VAT accounting related matters.

**Experience and Background**

**We require**:

- Competence in using ERP systems including extracting information from accounting systems, and reconciling data to the accounting records.
- A good understanding of UK indirect tax rules, including invoice requirements, foreign exchange VAT accounting, place of supply rules and reverse charge VAT accounting.
- Experience with European VAT principles



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