inhousetax.co.uk - Talentpool Selection
About In House Tax

About In House Tax

This weblog is a news and views site for tax professionals within the UK and international in-house tax community.  You will find information about appointments and people moves in and around the in-house tax market, issues affecting the in-house tax professional, opinions on the state of the tax job market, updates on tax technology, and other general thoughts of the day.

Hope you find it useful.

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Location: St Albans, United Kingdom

This site has been developed by Simon Godley, who also runs the niche tax recruitment company Talentpool Selection . Simon spends a lot of his time placing tax specialists into FTSE companies, large in-bound groups and some professional services organisations. He also recruits and is well networked around the UK tax technology and VAT markets.

Tax News

Tax Technology career move.....Why would you? Why should you? And what's it like?

Friday, 16 June 2017

Hear from tax professionals that have successfully made the move.....

The tax technology market is well established, and has been developing steadily over the last 15 years or so. Tax as a subject area has and will continue to ride on the IT technology wave, and therefore continually generating demand for people with hybrid tax and IT skills. They even have a professional name now – a Taxologist. Not my suggestion!
There will be a number of tax professionals out there, finding that their current roles are having to increasingly embrace the use of IT systems and technology. The natural question will be – should I make the career move to tax technology full time? Should I convert to Taxologism? What would life be like as a Taxologist?
My business Talentpool Selection has been recruiting around the tax technology market, mostly in the UK, ever since this sector emerged. As a recruiter, I was placing people into tax software roles (fancy spreadsheets!) in the 1997-2000 period. Back then for a tax professional, that felt like a very brave move! The internet was still in its infancy, and there was no way of seeing where it may lead. Some of those that made the move back then, and stuck with it, have seen their careers blossom enormously as computing and technology has boomed.
So the next question – is it still a good time to get into tax technology? The answer is undeniably yes! Technology continues to evolve rapidly, and this continues to bring new niche areas within the tax technology sector. One major area is where ERP systems have linked up with tax. This has opened a number of career doors in the market for those that either already have, or are willing to develop into tax data technology, ERP configurations, or SAP/Oracle tax modules or add-on solutions. Tax automation within global multinationals is becoming a reality.
But, hey, don’t just take my word for it. It’s advisable to hear from those that have made the move. We asked a couple of people that we have placed in the market to give us their thoughts and experiences. 
Insight from a tax software developer:
“Having worked in tax compliance for a number of years I was looking for my next move and considering the areas which interested me and came upon tax technology.
I had always had an interest in new technology and solutions and was always the member of the team who would volunteer to test anything new. I am now two years into my new career path and have found this willingness to try things out and “play” is very common amongst my colleagues. The work we undertake in developing software is a world away from the compliance work I was used to, we have to provide a solution that allows all our clients to find the correct answer rather than a specific result which just works for one company.
The work we do is very rewarding and when you talk to clients who appreciate the assistance the software provides you get a real sense of achievement, even though they will always come back “wouldn’t it be great if the software could…….”
Feedback from an Implementations Consultant with a tax technology provider:
"I was working for more than 8 years in the tax compliance and outsourcing department of a Big 4 firm when I realized that tax functions will soon suffocate under continuously increasing reporting requirements without the help of technology in dealing with repetitive and time consuming tasks.
I have always been a technology enthusiast, thus the decision to move to the tax technology field came naturally for me and it actually meant uncovering that ‘magic veil’ seen by the end users and discovering all the processes running behind the scenes to transform trial balance data into detailed reports, financial statements tax disclosures and even tax returns or other sets of reporting requirements."
For further discussion, or to understand more about where your experience could fit into this continually developing sector, please call Simon Godley on 0044 7771 762353 or email: sg@talentpoolselection.com
posted by Simon Godley
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Friday, 2 December 2016

Indirect Tax / VAT Technology - Manager opportunity, London

Salary guide: £50,000 - £65,000 + Excellent & flexible benefits

Our client is a large advisory firm, providing a range of services within the Indirect Tax sector.  Their London based indirect tax technology consulting team is looking to grow further due to increased pipeline of high-end VAT / indirect tax automation projects. They are looking to hire into the team at Manager level.
Typical projects that you would work on include VAT process improvement within a SSC, Indirect tax advice in connection with SAP / Oracle roll-outs for large multinational group, and indirect tax engine deployment projects e.g. Sabrix / Vertex / iVAT
In terms of your background, you will have a VAT accounting /  indirect tax training, having worked closely with VAT compliance and systems set-up for a large international group.  You will also ideally have knowledge / experience around ERP set-up for VAT, preferably with experience of deploying changes in the IT systems, and user experience with VAT compliance software; IT programming experience is not required. In addition, you will be able to work well with clients, good experience with team-working and delegating, and be able to communicate well in a fast moving business environment. You will also need to be flexible on travel as there could be business trips around Europe and to US / South America.  
This is an excellent opportunity for a VAT Reporting Manager with very strong IT / SAP skills, now wishing to progress your career further within the rapidly growing international VAT automation market. 

For more information or to apply for this role, please email Simon Godley at sg@talentpoolselection.com 


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posted by Simon Godley
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Tax Technology Market Update - 2016

Saturday, 5 November 2016

Before we focus on the current state of the tax technology market, with regards to jobs growth & demand, we should refer to the Reed job index for the broader jobs market:
Reed job index remains high – Reed produces a job index, a bit like the FTSE 100 but for advertised job levels.  It gives an indication of demand for skilled workers in the UK.  This was started in Dec 2009 at a base level of 100. As at November 2015, this was up to 278. More recently at Sept 2016, the index was at 291.  This gives a year-on-year increase of around 5%, however this is a much slower rate of growth than had been previously seen from year-on-year comparisons over the last 3-4 years.  Also, it is worth noting that the index still increased in the first quarter after the Brexit decision in June 2016, signalling that the vote result had not extinguished demand for people at that point.
Now looking into our specialist market - tax technology within the UK & Europe, here is an overview of what see as the key trends affecting jobs and employees during 2016 so far:
1.    Big Four / consulting sector remains buoyant – we have seen a continuous demand during 2016 for hiring tax & tax technology specialists into the tax / indirect tax technology consulting teams of the Big Four.  The focus has been on hiring Manager and below-Manager levels as these teams look to build out and hire specialists that can run projects and be very operational with the client work.  Some, but not all the Big Four teams, are developing bespoke solutions for clients, particularly in the indirect tax area.  So we continue to see a need for specific IT/software applications skills or some of the consulting teams.
In addition, we are seeing more activity from the firms outside of the Big Four i.e. consulting services on tax technology being provided by some of the Top 10 firms where they are starting to see a need from their large mid-cap clients.  This has led to demand for candidates with both tax technology market experience and those that can develop clients and sell proposals etc.
2.    Tax Data skills in demand – large-end corporate project work on tax systems has made a shift towards global tax data management, a progression from the more traditional tax software applications configured separately for corporate tax and indirect taxes.  This is partly driven by the tax software houses that continue to develop sophisticated tax data systems.  This is all in conjunction with companies having ongoing finance transformations within the ERP systems.  As a result, there is increasing demand to see IT data skills for tax software roles, and in particular knowledge and experience of how tax sits within and works through a SAP / other ERP system.  We expect this trend to rapidly develop over the next 5 years.  
3.    SAP dominance continues – SAP seems to remain the ERP of choice amongst groups in Europe, and as a result of most tax process / systems upgrades being embedded with the ERP system, there continues to be very strong demand for SAP functional experience.  More specifically, roles require knowledge around set-up of FI CO modules for indirect tax / VAT, and knowledge of the specific tables for tax embedded in SAP.  Knowing how to create and print a VAT report from SAP is not enough, and potential candidates need to be able to navigate around SAP at a much deeper functional level.  
4.    In-house recruitment picking up – we are seeing a growing, albeit slow growth, number of dedicated tax systems / technology roles being created in-house within large multinationals.  The top tier (FTSE 20) and upper-end Global 500 groups now have some form of team dedicated to tax process / systems.  It tends to be a small sub-set of group tax, and is often home-grown from people already within the group.   We are still not seeing these sorts of jobs coming up frequently, and in terms of location they can often be based outside the UK in European HQ locations or at the same site as a European finance shared service operation.  That said, based on the market activity level in 2016, we would envisage in-house tax technology roles to increase over the next 12 months.   
Whilst macro political and economic factors, such as Brexit and the US presidential election result, could have an impact on the buoyancy of the market and number of jobs being approved, we still very much see the tax technology market as a strong growth area in the UK and Europe and so short term demand for people in this market will remain.  

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posted by Simon Godley
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