Tax Manager

3 weeks ago


London, United Kingdom UK Power Networks Full time

Reference Number - 79908

This Tax Manager will report to the Senior Tax Manager and will work within the Networks Finance directorate based in our London or Crawley office. You will be a permanent employee.

You will attract a salary of £60,000.00 and a bonus of 7.5%. This role can also offer blended working after probationary period (6 months) - 3 days in the office and 2 remote

Close Date: 01/12/2024

We also provide the following additional benefits

25 Days Annual Leave plus bank holidays Personal Pension Plan – Personal contribution rates of 4% or 5% (UK Power Networks will make a corresponding contribution of 8% or 10%) Tenancy Loan Deposit scheme Tax efficient benefits: cycle to work scheme Season ticket loan Occupational Health support Switched On – scheme providing discount on hundreds of retailers products. Discounted access to sports and social clubs Employee Assistance Programme.

Be part of something powerful.

UK Power Networks is the UK's biggest electricity distributor, delivering power to homes and businesses across London, the east and southeast of England. We keep the lights on across 29,250 square kilometres, serving 19 million people from Cromer in the east to Brighton on the south coast.

If you want to play a part in powering the lives of over 8 million homes, this is the place to be. We are a big business with a big responsibility, but we feel like a close-knit team. Join us, and we'll give you every opportunity to fulfil your potential and have a successful career, where you'll help us shape the future of the energy and utility industry and be part of enabling the UK's transition to Net Zero carbon emissions.

When you join UK Power Networks you'll be part of a respected, award-winning team. Some of our recent achievements include ranking second overall in the Top 25 Best Big Companies to Work For List, and achieving Investors in People's Platinum status in 2023.

JOB PURPOSE:

You will ensure that tax processes are operating within the business to ensure we pay the right amount of tax at the right time. This will include the preparation of tax returns, forecasts, managing cash tax outflows and maintaining a good relationship with both company partners and the tax authorities. Focus the role will be on direct tax (corporation tax) but will include opportunities to work across all taxes applicable to the business.

DIMENSIONS:

UK Power Networks pays annual tax amounts of approximately £500 million across corporation tax, VAT and PAYE.

PRINCIPAL ACCOUNTABILITIES:

Prepare Corporation Tax returns and supporting documentation, including Research & Development, Corporation Interest Restriction and Capital Allowance claims. Tax reporting, including preparation of tax accounting notes for statutory and regulatory accounts, and running the tax model for monthly reporting. Prepare tax forecasts and management reporting to aid cash planning, budgeting, forecasting and regulatory reporting to Ofgem and company partners. Ensuring that all payments are made. Respond to ad hoc tax queries from the business and providing clear and focussed advice. Assist on multiple projects across the tax function and the wider finance teams. Assist to develop and implement appropriate procedures for new tax legislation. Partner with the business to ensure that there is awareness and education regarding tax sensitive issues. Support the Head of Tax and Senior Tax Manager in regular meetings with partners to ensure tax controls operate through the business. Ensure financial controls operate over tax activities, and assisting with implementing procedures. This includes maintaining tax policies, manuals and tax risk registers and keeping them up to date and prepare for review by the Senior Tax Manager regularly. Assist Senior Tax Manager in overseeing compliance with taxes, tax governance, manage tax risks and make sure all tax processes following Group's tax strategy. Implement progressive technological solutions to meet the Group's digitalisation ambitions.

NATURE AND SCOPE:

The Tax function is led by the Head of Tax, who reports to the Finance Director. Two staff members report to the Head of Tax being the Senior Tax Manager and the Indirect Tax Manager, with the Tax Manager (this role) and the Tax Assistant directly reporting to the Senior Tax Manager. The team work with each other to ensure that there is robust direct and indirect tax processes operating within the business to ensure we pay the right amount of tax at the right time.

You will work with other finance, HR and business operational teams to collate and document the preparation of any information required by the tax team and to help with education where necessary for the relevant departments.

The Tax Manager ensures that all tax risks are managed including engaging and influencing the business to ensure that tax processes are followed and to influence legislation drafters and industry groups. The Tax Manager will ensure that all tax payments and returns are accurate and submitted on time.

You will identify pragmatic tax solutions to operational and business problems, both those identified by the tax function and others in the business.

You will be asked to occasionally travel to Crawley/London (depending on the main location in your contract) to attend meetings, and other events as this is where our core finance team and Head office are based.

Qualifications:

Minimum 3 years' experience working in relevant tax roles Holder of a recognised tax or accounting qualification (ACCA, ACA, CTA or similar) Experience with corporation tax compliance and reporting Understand, question, organise and challenge a range of financial data Excellent customer service skills, able to establish and maintain excellent relationships and credibility quickly Contribute to a positive team atmosphere Align to our culture and values Present ideas and information in a way that creates a climate in which others are informed and want to participate IT skills, including Microsoft Excel Experience working with Alphatax and SAP helpful

Health & Safety Responsibilities

Managers and supervisors carry both legal and company responsibilities for ensuring the health and safety of their employees, those under their control and those who might be affected by the work undertaken, i.e. public, visitors and employees of other organisations. This includes briefing individuals working for them and ensuring there is the necessary understanding, competence and application of requirements to work safely and without harming the environment.

Employees will ensure they understand the health and safety risks involved in their work activities and their responsibility to apply the controls needed to manage those risks to acceptable levels. Similarly where work activities can have an adverse impact upon the environment, and where there are legal requirements, employees will understand those impacts and the controls they must ensure are applied.

If in doubt ask

We are committed to equal employment opportunity regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.


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