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.

My Photo
Name:
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

SAO Regime - Tax Systems opportunities

Monday, 12 April 2010



By Simon Godley

Whilst I sense that the Senior Accounting Officer (SAO) legislation, in which all FDs of companies with UK turnover of over £200m have to annually certify the accuracy of their tax reporting systems or face personal penalties, is moving up the financial agenda and maybe being taken more seriously by FDs/Heads of Tax, this has had so far very little impact on in-house tax teams needing to hire someone to do a review.

In the last 12 months since the note on this appeared in the pre-budget report, I have seen no more than 3-4 situations where a company which is affected by the legislation actually actively seek to recruit a tax auditor / accountant to perform a tax systems review. This is possibly not a major surprise as:

a. we have been in a major recession and companies have severely struggled to increase headcount within an in-house tax function, for both perm and temp roles

b. where a company has a well established in-house tax function, someone within the department has had to take on this review work in addition to their usual duties

c. a number of companies will get their regular accountants / tax advisers to do a review of this, possibly as part of a tax audit

I suspect more contract roles will appear for this type of review work over the next 12 months, as this issue climbs up the financial reporting agenda.

In the meantime, I am working on one specific SAO related Tax Accountant role with a London based financial services group. This is looking for someone to work on an initial 3 months project to assess and make recommendations on accuracy of tax data in the accounting system. The company is happy to pay up to £600 per day, and so any interested parties should contact me on sg@talentpoolselection.com to discuss further.

Labels: , , , , , , ,

posted by Simon Godley

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home

If you are someone who is involved with recruitment within the tax field (eg Head of Tax, Head of Finance or HR Adviser) and would like to receive our quarterly in-house tax newsletter Talentpool Extra, please fill in your details below:














Your email address will not be passed on to third parties.