VAT Assistant Manager

Job description

AutoReq ID

133878BR

Job Title

VAT Assistant Manager

Country

United Kingdom

Location

Watford

Function

KPMG Business Services

Service Line

Finance

Service Line Information

With a turnover in excess of £1.5 billion and a payroll of close to 16,000 partners and staff across UK offices, our Finance team covers a huge spectrum of work. It spans everything from being closely involved in supporting the organisation's business strategy to tightly managing critical business functions like employee payroll, expenses, accounts payable and billing.

KPMG Overview

KPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Job Description

Job description

Role: VAT Assistant Manager
Reporting to: Senior VAT Manager in Partnership Tax

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 to the support the Senior VAT Manager in ensuring the UK firm meets its VAT compliance obligations within the UK and across the rest of Europe.

Month end

- Review and sign off the month end files prepared by the VAT assistant
- Conduct structured sample analysis to verify the VAT liability of incoming and outgoing invoices
- Following the completion of the month end reconciliation, contact other KBS teams to notify them of any adjustments completed (if applicable) and educate them to reduce future reoccurances

VAT returns

- Prepare the VAT returns for final review by the Senior VAT Manager. This will consist of both the KPMG VAT Group and other single VAT registrations
- Ensure all VAT adjustments that are not posted but supplied within the VAT return periods are verified, accounted for and then posted to the respective VAT GL codes
- Identify any VAT errors in prior quarters that require notification to HMRC, including process changes that have been implemented to restrict future reoccurances
- Following the review by the Senior VAT Manager ensure returns are submitted and paid in advance of the due dates
- Following the submission of the VAT 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

ECSL

- Review all ECSL and Intrastat returns that have been prepared by the VAT assistant and ensure balances reconcile to SAP
- 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 upload onto the HMRC portal

Internal VAT helpline

- Respond to helpline requests in a timely manner
- Review and approve VAT rate changes on fee notes
- Authorise changes to billing parties after veryfing that contractual arrangements and the nature of KPMG’s supply support the change requests
Partial exemption and capital goods scheme

- Conduct monthly exempt fee reviews to ensure KPMG is applying the correct VAT treatment on it’s supplies
- Run annual partial exemption reports to assist the Senior VAT Manager in calculating the irrecoverable input VAT
- Assist the Senior VAT Manager in analysing the fixed asset schedule to identify items that qualify as capital items

Other

- Assist the Senior VAT Manager with the preapration and delivery of VAT workshops to other KBS teams
- Assist in the development and training of the VAT assistant
- Maintain an up to date schedule of reporting, payment and filing dates for all returns
- Verify and approve the VAT liability on sundry fee notes for non SAP automated invoices
- 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 with strong oral and written communication skills
- Ability to work well within the tax team and wider finance function
- 3 years + experience in VAT (essential) with a reasonable understanding of partial exemption, capital goods scheme and rules surrounding the recovery of VAT on entertainment

Our Deal

If the chance to work with interesting clients and innovative technology wasn’t rewarding enough, we’ll motivate you in other ways too. At KPMG you can expect real responsibilities and opportunities to grow professionally.

‘Our Deal’ sets out all the different ways you’ll be rewarded at KPMG. Among other things you can benefit from honest conversations about your career as well as a range of other rewards. In all these ways and more, we have created an environment that can bring out the best in you.

Flexible Working

While some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a Disability

KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable adjustments that you may require, with your recruitment contact.

KPMG's commitment to diversity

KPMG consistently features in the Sunday Times Best Big Companies to work for, which has been recognised with a special achievement award to mark our 10 years in the Top 25. We are proud of the value we place on individuality; we want you to bring your full self to work and truly maximise your potential. We believe that your individuality helps us to deliver the best results for our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG.

Returning to work after a break

At KPMG, we appreciate that returning to work after an extended career break can be daunting. We understand that those with experience who have taken a career break have a wealth of experience and knowledge to offer our organisation, which helps us to achieve our business goals. We will support you to refresh your skills, develop your confidence and provide a supportive network across the firm to help you best integrate into the working environment. This role welcomes applications for individuals who have been out of work for 18 months or more and who have previous relevant experience.

Policy for Agencies

KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies:Policy