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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

Senior SAP-VAT Consulting Manager - London

Wednesday, 19 December 2012

Currently working with a leading consultancy to help them recruit a high calibre client-facing ERP-VAT systems projects consultant to take a lead of client engagements:

Senior Manager, SAP-VAT Consulting and Implementations
London based | £75,000 - £90,000 + Bens (Permanent Role)

Our client is a well established, specialist tax consultancy with a successful and profitable long term history. They already have an enviable client base, typically FTSE 100 groups, Europe-wide listed and large private organisations. They are now looking to strategically build up further their VAT systems & technology service offering with the addition of a Senior Manager level consultant within this continued growth sector in the systems market. This new role, based in London, will work within a well established indirect tax systems project team assessing clients’ VAT systems and processes and then proposing on a variety of system enhancements and improvements, sometimes involving implementations of new tax technology software e.g. tax engine bolt-ons e.g. Sabrix or Vertex.  Other projects can involve improvements of how clients are using SAP or other accounting systems for VAT determination and compliance.
To meet the challenges of this specialist role, you will have strong client facing consulting experience in the tax arena, preferably with VAT compliance project experience.  You will be comfortable at talking with senior-end client contacts (e.g. CFO / Head of Tax / VAT Director) on the challenges they face on international VAT compliance and accuracy issues, confident and knowledgeable to suggest new methods and technology available in the market.  In addition, you will have strong project management experience when working on active client engagements.  
You will have come from a Big 4 firm tax / indirect tax practice background, operating at Manager / Senior Manager level, and with a role biased to VAT systems projects.  Alternatively, you will have worked for an ERP/SAP based consultancy, and assigned onto ERP-VAT configurations projects.  Knowledge and experience around technical SAP issues and set-up will be highly desirable, although not essential.  
Strong future promotion prospects exist for high calibre performers.

For more information on this opportunity, or to discuss further on a confidential basis, please either call Simon Godley at Talentpool Selection on 0870 46 056 46 or email to:

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posted by Simon Godley

VAT Research Analyst - Tech Company in London

Wednesday, 12 December 2012

VAT Research Analyst 
London | £30,000 - £35,000 + Bonus + Bens

Our client is a leading provider of tax systems and technology solutions. This is an expanding international business, offering very attractive opportunities for those interested in pursuing a career in the area of tax and VAT automation.
A new opportunity has been created to join the company within the tax content / research team, and to have a focus on VAT & Indirect Tax technical research. Reporting to a Manager, and having liaison with sales, software developers and implementations experts, you will be responsible for researching international VAT rules and legislation for a range of countries across the EU and extending to some countries in Asia / Latin America. You will need to apply excellent research skills to analysing and understanding how VAT operates, and to keep abreast of changes in tax law. The role will then liaise with IT content developers to make changes in software to accurately reflect changes in legislation.
In terms of suitable backgrounds and to fit with this role, you will ideally have experience in VAT / indirect tax compliance, either gained in a professional services / large tax services firm or as an in-house VAT compliance analyst, preferably operating with a large international organisation. You will have been involved in researching or analysing VAT rules within your role, possibly using research tools such as IBFD, ministry of finance websites or content provided by Big 4 tax services firms. Ideally you will have a tax/accounting qualification, or part-qualified ATT / CTA / ACCA or overseas equivalent. In addition, you will be a self-starter, able to work independently with minimal supervision and with a high attention to detail. As well fluency in English, French or German languages skills are highly desirable.
This is a fantastic opportunity as a first move into the growth field of international tax software & systems, offering a solid forward career track for strong performers.
Applications are very welcome from VAT professionals in EU and international locations, although if outside the EU you will need entitlement to work in the UK.

For more information on this, or to apply for the position, please follow this link to the Talentpool website.  Alternatively please call Simon Godley on 0870 46 056 46.

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posted by Simon Godley

Tax Technology update - industry view

Sunday, 2 December 2012

It is very clear that IT and technology is being further embraced by the tax world. 15 years ago, large UK based multinational groups would be either installing or upgrading software for tax computations and tax return production. They would be looking at the pros / cons of Abacus verses Alphatax for CT comps, or if they felt they didn’t need to invest in this type of software, they would use an older version of Excel for setting out a tax computation. Everyone was happy, job done!

Then in 2001-2002, we had the Enron catastrophe and a regulatory spotlight was quickly shone onto the accuracy and reliability of financial statements. CFOs and FDs soon realised that they had to have more integral, more accurate and more real-time accounting systems, leading to a boom in SAP, Oracle, JDE finance implementations. Tax continued to plod along as before, but then a more recent spotlight has been shone on internal tax processes of large companies because of Senior Accounting Officer rules and the insistence of iXBRL and e-filing. 

Also as we see in the current press cuttings, large international groups such as Starbucks and Google are under intense public scrutiny for allegedly not paying enough tax on their UK / European operations. Paying your taxes is becoming a stronger moral issue in a world of austerity.  Governments are placing much more regulation around areas such as tax reporting and transfer pricing. 

So corporate organisations now need to have more effective and transparent systems for collecting, calculating and reporting of tax information.  Relying on stand-alone Excel workbooks is not good enough anymore. There needs to be more modern interconnected IT systems procured for the tax accounting / forecasting process, VAT and indirect taxes, transfer pricing and employment taxes. A more streamlined end-to-end tax system.
So in the last few years, what has industry been doing on this? To what extent have they been upgrading their IT infrastructure and software for tax?

Bal Dobe, who has extensive experience of working in-house on tax compliance, tax planning and tax technology projects with large-end multinationals shares his views:

“I have a seen a whole range of technology solutions applied in the real world. At one end exists world class organisations where Tax, Accounting and Systems work in harmony with the Business producing excellent results. At the other end are organisations struggling to get to the starting line, let alone compete effectively.”

So for companies that have taken steps in enhancing their tax technology and processes, what results have they seen?

“Done in the right way, applying technology can produce quantum leap levels of improvement, such as time saved, superior results, lower risk of errors, and resources utilised more efficiently. Why would you have your highly trained, highly qualified tax resources doing tasks that can be automated at a fraction of the cost? Although technology must always be used to serve the tax function, and hence the business, and not be there to hinder the tax function’s performance.”

Clearly one issue within all this is cost, and significantly upgrading IT systems for tax could be a huge investment and it may be unclear as to identify or quantify the return on that investment.  But what's the cost of doing nothing?

Bal comments, “Organisations that don’t make changes to their technology could go on to experience all kinds of difficulties such as extensive audits, attention from the tax authorities and failure to perform in the market place.”

So it seems that some of the larger and more IT progressive organisations have taken a lead in implementing more connected systems between the business, accounting and tax.  However it also seems that the embracing of advanced technology for tax amongst industry is still very much work in progress.  

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posted by Simon Godley

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