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

New Tax Counsel at Diamond Resorts

Thursday, 31 January 2008


Source: Tax Grotto

Diamond Resorts International® (DRI), a global leader in the vacation ownership industry, has appointed Keith Holmes as Vice President & Tax Counsel. Holmes will be reporting to David Palmer, Chief Financial Officer of DRI.

Prior to joining DRI, Holmes held the position of Vice President and Tax Counsel with Caesars Entertainment, Inc., providing tax and legal counsel on development, joint ventures, mergers and acquisitions, federal, state and international tax planning, structuring, audit defense & compliance. Holmes also served as a tax consultant to international clients in the gaming and lodging industries during his nearly 10 year tenure with Arthur Andersen LLP.

"Keith brings with him a wealth of experience in all areas of tax law, M&A and corporate finance," says Simon Crawford-Welch, President and COO of DRI. "We welcome his expertise and experience to ensure that every transaction and opportunity is fully researched and structured in such a manner as to ensure compliance and optimal benefits to Diamond Resorts International."

Holmes received a B.S. in Accounting from the University of Nevada, Reno, Juris Doctor at Pepperdine University Law School and L.L.M. in Taxation from Georgetown University Law Center. He is a member of the State Bar of California.

"Keith's experience will be leveraged to create and enhance tax efficiencies in existing operations and evaluate tax aspects of expansion opportunities," says David Palmer, Chief Financial Officer of DRI. "Having an internal resource will ensure timely decisions and consistent communications with our external tax service providers to support our plans for sustained growth and profitability."

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posted by Simon Godley
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Tax Jobs - Weekly Highlights

Wednesday, 30 January 2008

This week, I'm just highlighting a couple of UK PLC Tax Manager roles which are currently active, and absolute classic first move roles for Tax Assistant Managers / Tax Managers within the Big Four / Top 10 firms, having completed their ACA/CTA training contracts. The market is still very short on that sort of candidate profile, the Big Four remaining to do quite well to retain their tax staff.

Tax Manager - FTSE 250 Group (Northern Home Counties)
£55,000 - £70,000 + Car + Bens
See More Details

Tax Manager - FTSE 100 Banking Group (London)
£50,000 - £60,000 + Bonus + Bens
See More Details

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posted by Simon Godley
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In-House Transfer Pricing Body - CTPA

Wednesday, 23 January 2008


It would seem there is now an independant association for in-house transfer pricing professionals, the Corporate Transfer Pricing Association (CTPA).

It is sponsored by Duff & Phelps, a provider of independent financial advice and banking services. Its advisory board includes TP specialists from the likes of General Motors, Hewlett-Packard, Johnson & Johnson and Nike. Membership of the body is open to in-house corporate professionals whose responsibilities include TP.

Its president is Dan Peters, who is also leader of the transfer pricing practice at Duff & Phelps. So far, I can't find a live website for this new body.

I'm sure this will create another very good portal for commercial tax execs to gain information and exchange ideas within a mammoth regulatory subject.

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posted by Simon Godley
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Senior In-House Tax Appointments in the US

Tuesday, 22 January 2008

Source: Tax Careers Magazine

At Marathon Oil, Stephen Landry replaced tax veteran William Meara as tax VP. Landry, who was director of tax, compliance and reporting for Marathon, succeeded Meara on 1 January 2008. Landry joined Marathon in January 2007. Previously, he spent 22 years with Ernst & Young. He became tax partner for E&Y in 1998 and transferred to the Houston energy practice in 2000.

Viacom has appointed Jay Kushner to a newly-created role as senior vice-president of global taxation and treasury. He will report to Thomas Dooley, CFO of Viacom. Kushner joined Viacom in June 2005 as the company's vice-president and general tax counsel. Before joining Viacom, he was treasurer and general tax counsel at Young & Rubicam, a global advertising agency and marketing services company. Prior to that he led the international tax operations at PepsiCo and was an executive with Coopers & Lybrand.


SG comment: Whilst the general perception is that tax skills are easily transferable between different sectors, I think the above two appointments show that perhaps the very top tax jobs will be taken by tax execs who have deep understanding and experience of a company's sector.

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posted by Simon Godley
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Tax Jobs - Weekly Highlights

Tuesday, 15 January 2008

This week I have a focus on banks ie tax roles in investment banks. Since my credit crunch article back in September 2007 on the impact on tax jobs in the City, it would seem that the panic is over (for the time being) and recruitment is back on. Although clearly 2008 will be a year where we see the negative impact on bonuses in the City, which I suspect will be of the order of 25-50% down from the last couple of years.

I highlight below some current searches for a few of the top tier investment banks in London:

Tax Director - International Planning
£80,000 - £120,000 + bonus
See More Details

International Tax Manager - UK Bank
£55,000 - £80,000 + bonus
See More Details

International VAT Managers - Top Tier Bank
£60,000 - £80,000 + bonus
See More Details

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posted by Simon Godley
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Digita (software) receives stamp of approval from Vista

Friday, 11 January 2008


Source: AccountancyAge.com

Digita has become the first accountancy software player in the UK market to receive a certification from Vista.

The Certified for Windows Vista mark identifies 'products that meet a higher standard of quality and exploit the best of what Windows Vista has to offer'.

'This gives us a huge advantage in developing our software for the profession as users benefit from the highest levels of integration across Digita and Microsoft products resulting in better business performance,' said Jerry Rihll, Digita managing director

Brad Goldberg, general manager for Windows Vista Product Management at Microsoft said: 'We are extremely pleased that Digita carries the certified logo and takes advantage of the new technologies available in Windows Vista.'


SG comment: I have posted this article as Digita is also very active in the tax software market, its products include Digita Personal, Business, Trust and Corporation Tax. Their marketing material states that these UK tax products are the only products accredited by Microsoft for use with Windows, hence the above article. Digita tax software has won the LexisNexis best tax software award 3 times: 2007, 2006 and 2003.

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posted by Simon Godley
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Tax Jobs - Weekly Highlights

Tuesday, 8 January 2008

It's early January 2008, and typically a time of year when a number of new tax opportunities emerge in the market. Below are a couple of interesting ones that I have picked up:

Senior International Tax Manager (maternity cover) - FTSE 100 Group, London
£Flexible hourly rate
See more details


Transfer Pricing Manager - Large Bank, London
£50,000 - £80,000
See more details


I suspect that the demand for transfer pricing specialists will continue during 2008 as it does seem to be a major issue for both Heads of Tax and finance execs within business to get their heads around.

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posted by Simon Godley
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BP settles tax in Alaska

Wednesday, 2 January 2008


Source: Financial Times

BP has agreed to pay Alaska $379m (£191m) to settle a dispute over its corporate income tax liabilities for 2000-02, the US state's governor announced late on New Year's Eve.

Sarah Palin said BP, Europe's second largest oil company, had agreed on December 31 to pay the money. The funds would be deposited in the constitutional budget reserve, the state's main savings account.

The terms and conditions of the dispute and agreement must be kept confidential by law, she added. "I am very pleased with this settlement and appreciate BP's willingness to work with the state of Alaska and come to a fair resolution."

BP confirmed the details of the settlement and said it was glad the matter was resolved.

The payment, on behalf of the BP Exploration (Alaska) subsidiary, is the latest blow to BP which is still under investigation by state officials for last year's oil spill in Prudhoe Bay for which the company has already paid $20m in fines.

Just before Christmas, Ms Palin signed into law a proposed tax increase on the oil industry, boosting the rate from 22.5 per cent to 25 per cent of the net value of oil.

The increase, which is expected to raise the industry's tax bill by $1.5bn next year, led BP to say it was reviewing its investment plans in Alaska.

Doug Suttles, president of BP Exploration (Alaska), said he was disappointed by the tax hike. "This will impact our business plans in 2008."

On December 26, an Alaska superior court judge ruled that BP, ExxonMobil and other oil companies could have their leases for Point Thomson, a gas and condensate field, revoked by the state because they had taken too long to develop it.

The ruling was welcomed by Ms Palin.

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posted by Simon Godley
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