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

Ex-Andersen Tax man appointed Director in oil group

Thursday, 31 July 2008

Source: OilVoice.com

Kam Fard, Chief Executive Officer and Chairman of the Board of Directors of Groundstar Resources Limited announces the appointment of John van der Welle to the Board of Directors of the Company.

Mr. van der Welle has been actively involved in the oil industry for twenty-five years. He began his career in auditing and oil tax consultancy with Arthur Andersen LLP. In 1984 he joined Enterprise Oil plc, the largest independent exploration and development company in the U.K., where he rose to the position of Group Treasurer. Mr. van der Welle later served as Finance Director of Hardy Oil and Gas plc and Premier Oil plc. In addition, he has served as Chief Financial Officer and Director of First Calgary Petroleums Limited and as Head of Oil and Gas in the Sector Corporate Finance Group for the Royal Bank of Scotland. Most recently, he has joined Stratic Energy Corporation as Chief Financial Officer and Director.

Throughout his career Mr. van der Welle has had extensive experience in many corporate areas of business including business development and planning, investor relations, corporate governance, rebuilding management teams, and banking and finance. He has been involved in major business transactions including mergers, acquisitions, and major financings and restructurings of large public companies.

Mr. van der Welle graduated in Engineering from Southampton University and is a qualified Chartered Accountant. He is also a member of the Chartered Institute of Taxation and the Association of Corporate Treasurers.

Upon announcing his appointment Mr. Fard said, "We at Groundstar are extremely pleased that a person of Mr. van der Welle's stature and experience has joined our Board. Not only has he proved that he is a dynamic and successful leader in the oil industry, he brings to the table a wealth of knowledge in respect of the corporate finance and the international aspects of the business. He will undoubtedly prove to be a great asset in the growth and success of Groundstar in the years ahead."

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posted by Simon Godley
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Insurance Tax man appointed by Marsh

Tuesday, 29 July 2008

Source: Tax Careers Magazine

Praveen Sharma is to head up the newly-created insurance regulatory and tax consulting practice of Marsh, the leading insurance broker and risk adviser.

The practice will provide multinational clients with support and information to help them evaluate regulatory and premium tax risks arising from their insurance and alternative risk-financing programmes in all parts of the world.

Sharma joins from Aon, where he was head of Regulatory & Compliance for the EMEA region, a post held since 2001. He also advised multinational companies on insurable risk optimisation strategies , including accounting, regulatory and taxation issues.

A qualified chartered accountant, Sharma was a tax adviser for both KPMG and Ernst & Young for 14 years in total, where he was involved with the management of UK corporate tax issues for some of the world's largest insurance companies.

Timothy J Mahoney, president of global risk management for Marsh, said: 'As multinational businesses continue to look for better ways to manage risk and achieve efficiencies, they have sharpened their focus on understanding the array of country-specific insurance and related tax regulations that affect their programmes.'

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posted by Simon Godley
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Tax Jobs - Weekly Highlights

Friday, 11 July 2008

This week I refer to the interim tax market, which I feel will most likely remain strong during a downturn, that's if there becomes pressure on in-house tax departments not to recruit permanent members. Things would have to get very tough for this to follow. The job below is very suitable for an ex-Head of Tax, who may have moved onto the contracting market after a number of years in a senior permanent capacity in-house.

Senior Tax Adviser - Interim
Surrey £600 - £800 per day
See More Details

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posted by Simon Godley
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Accountancy firms put recruitment on hold.....but tax is safe??

Tuesday, 8 July 2008

Source: AccountancyAge.com





Research reveals about 57% of UK’s top accountancy firms are putting recruitment on hold.

About 57% of UK’s top accountancy firms are going to reduce staff numbers or keep them the same next year, according to the latest research by online recruitment group cvmail, part of media giant Thomson Reuters.

Although only 5% of firms said they actually planned to cut staff, the survey signalled the first significant pause in the dramatic growth of accountancy firms since the 9-11 terrorist attacks.

‘The effect of the credit crunch on top accountancy firms has been felt in a slowdown in corporate finance work and may feed through into consultancy work,’ Andy Eddleston, cvmail commercial manager, said.

‘However, their core audit and assurance and tax work should be largely unaffected. It is hoped that the vacuum created by the slowdown in areas like IPOs will be filled with rescue and recovery work.’

SG comment: Reading the results of this article are no surprise, but I don't agree that tax departments will be largely unaffected. Some of the biggest fees that are made by top accounting firms are from lucrative tax consultancy projects on M&A deals or tax structuring advice. In a downturn economy, this fee income will drop dramatically, and the result will be to cut staff in these departments. Tax compliance departments may be less affected.

For more analysis on this, read my article on Recession, Redundancy and Re-hiring

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posted by Simon Godley
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Tax Jobs - Weekly Highlights

Wednesday, 2 July 2008

This week I am revisiting and featuring the area of tax automation and/or tax compliance technology. Clearly a specialist area within tax, but one that seems to have filtered into multinationals that take tax reporting seriously. Consulting firms have developed teams within their tax offering that will purely advise multinational groups on how to improve and streamline their tax reporting and compliance processes, but are not looking to sell a specific tax software product.

Below is an example of this, being an excellent and forward thinking opportunity for someone with either a detailed tax compliance/reporting background from industry, or someone who knows their way around SAP/Oracle financial reporting systems:

Tax Manager - Tax Compliance Systems
London £55,000 - £90,000, depending on experience
See More Details

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posted by Simon Godley
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