Tax Compliance Specialist, Petrofac
5 days ago
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies. As we navigate the evolving energy landscape, we are seeking an experienced Tax Compliance Specialist to join our team.
Job SummaryThe successful candidate will be responsible for managing all direct and indirect tax reporting/filings for the AS West business unit, ensuring consistent high-quality and timely delivery. This role will also involve reviewing tax disclosures and schedules for legal entity financial statements, providing forecasts for cash tax payable, and reviewing monthly tax balance sheet reconciliations.
Responsibilities- Manage all direct and indirect tax reporting/filings for the AS West business unit
- Review tax disclosures and schedules for legal entity financial statements
- Provide forecasts for cash tax payable
- Review monthly tax balance sheet reconciliations
- Comply with the Group Tax strategy and policy and ensure business unit adherence
- Assist with audit and preparation of the annual SAO summary and ensure compliance for each legal entity across the business unit
- iXBRL – review tagged accounts to ensure effective tagging process and CT submissions
- Assist with the preparation/review of the PAYE Settlement Agreement (PSA) for the UK legal entities on a timely basis
- Assist the HR/recruitment and commercial teams with IR35 compliance, review SDAs and assist with contractual requirements
- Review the Country by Country Reporting return for the Asset Solutions West jurisdictions
- Work with the Group Tax team on the BEPS Pillar 2 obligation, collating relevant data and assisting with the preparation of the return
- Assist the business to ensure correct application of output tax and compliant reclaiming of input tax.Support indirect and employment tax queries from the business, liaising with Group Tax to ensure benefits are appropriately taxed and the costs the business is compliant in dealing with PSA, relocations, P11Ds etc.
- Provide tax advice for tenders
- Transfer Pricing – work with the Group Tax to ensure AS West comply with global transfer pricing policies and supply requested information
- Research and Development – work with the Group Tax to optimise AS's R+D position, assisting with the collation of information from operations and finance.
- Research new country entry requirements to ensure the AS West business is fully tax compliant when undertaking work in new countries.Build relationships with operations, Commercial and HR to ensure they seek tax advice where required.
- Provide training on tax matters to teams within and out with Finance
- Assure compliance with Facilitation of Tax Evasion legislation, working with the business to come up with practical working solutions.
- Update and manage the tax tracker for UK compliance
- Maintain the tax risk register and ensure that all material provided and unprovided tax risks are identified, understood, and tracked
- Address ad-hoc tax related queries from colleagues and support ad-hoc tax projects as required
- Assist in the collation of financial and other data required in the event of tax authority queries.
- Assistance with Legal Entity reduction process across the AS West businessFinancial Controls
- Monitor the financial statements risks associated with tax and respond by ensuring the appropriate financial controls are designed, implemented, and operated effectively to provide reasonable assurance on the integrity of the financial statements
- Assess opportunities to optimise the financial controls framework
We are looking for a highly skilled Tax Compliance Specialist with:
- Professional qualification in accounting or tax, ICAS/ACCA/CTA/ATT
- Good academic record
- Good general UK tax knowledge
- Tax software experience, Alphatax or similar
- Excel
- Reporting writing and analytical skills
- Strong verbal and written communication in English desirable
- Oracle including TRCS experience
Petrofac offers a competitive salary range of £60,000 - £80,000 per annum, depending on experience, plus a comprehensive benefits package, including a bonus scheme, pension plan, and generous holiday allowance.
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