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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

Tax Technology People - recent appointments

Thursday, 30 May 2013

The number of appointments in the tax technology sector in the UK has been at a low level over the last 3-6 months.  Below are the details of a couple of recent appointments.

Financial and tax technology provider Longview Solutions has recently appointed Ralf Stoffel as their Tax Product Specialist, based in their UK office. Ralf’s background and specialism is in international tax accounting, having previously worked with some leading industrial groups in Germany.

BUPA Home Healthcare, based in Harlow, has recently recruited Simon Goodwin as Systems Accountant. Simon was previously with Advanced Business Solutions, a provider of accounting software. Simon has extensive experience of implementing accounting and finance solutions into large UK businesses.

We will be announcing some additional people moves around the UK tax technology market in our next newsletter 'Tax Technologist', due for release in June 2013.

If you would like to subscribe this quarterly newsletter, please click here

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posted by Simon Godley

Tax Awards 2013 - The Winners

Friday, 24 May 2013

Simon Godley attended the annual Tolley's Taxation Awards last night at the London Hilton, Park Lane.
It was yet another well organised event from Tolley.  

A very big thank you to Alan James at Vertex Global Tax Solutions for inviting Talentpool to the event.

And here's a run down of the winners:

Best High Net Worth Team - Deloitte

Best International Tax Team - Milestone International Tax Partners

Best Tax Practice in a Regional Firm - Bishop Fleming

Best Single Office Tax Practice - AC Mole & Son

Tax Writer of the Year - Keith Gordon (Atlas Tax Chambers)

Best In-House Tax Team - Omnicom

Best Tax Investigations Team - Ernst & Young

Best Tax Consultancy Team - Innovation Professional Services

Best Technological Innovation - KPMG Accounting & Tax Technology Services

Best VAT Team - Centurion VAT Specialists

Taxation's Rising Star - Rebecca Murray (Temple Tax)

Best Tax Team in a Law Firm - RPC

Best Tax Team in a National Firm - Grant Thornton

Lifetime Achievement Award - Robert Maas

Best Big Four Tax Team - Deloitte Olympic & Paralympic Tax Team

Tax Personality of the Year - Graham Aaeronson 

Congratulations to all the winners!

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posted by Simon Godley

Tax Adviser vacancy - FTSE 100, London

Friday, 17 May 2013

Currently seeking high calibre Tax Accountant level candidates, ACA or CTA backgrounds with 3-5 years' corporate tax experience, to join one of two high quality commercial in-house tax roles.  Preferably located central or SW London.
Tax Adviser - FTSE 100 - Classic PLC group tax entry level role
London | £50,000 - £60,000 + Bonus + Benefits
This top flight industrial group with very international operations now seeks a recently qualified Tax Senior / Associate to join its prestigious headquarter tax team.
Based in London, and reporting to a senior Tax Manager, key aspects and responsibilities in the role include preparation of a selection of UK tax computations on Alphatax, monitoring global tax compliance process in terms of status and deadlines to ensure data is kept up to date, analysing UK corporate tax (including Branches), VAT, and PAYE processes operated by the finance function, advising on tax aspects of contracts for a number of overseas jurisdictions, and assisting with other tax advisory projects.
It is envisaged that the role will initially be biased to tax compliance responsibilities, but with ongoing support and training onto tax planning projects.
To match with this opportunity, you will be a qualified chartered accountant (ACA / ACCA) with corporate tax experience in the large company sector, preferably also CTA qualified, now looking for a first move into (or a move within) commerce & industry.  You will have very good experience around CT compliance for UK / international groups with complex tax affairs, and will have had some exposure on tax planning methods for these companies.  In addition, you will have strong IT skills (Excel functionality, tax software packages).  You will also be confident, highly organised and focused on your future corporate tax career.,
This will be a progressive role, and would give someone a very solid foundation to build on in the commercial tax market in the future.
For more information or to apply for this role, please contact Talentpool via the website

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posted by Simon Godley

The Pursuit of VAT Automation

Thursday, 9 May 2013

By Simon Godley 
(taken from a recent Tax Technology article)

Many large companies are now investing heavily in technology to maximise on tax automation, in particular for VAT and indirect tax automation. Of course, VAT is a crucial tax running through the GL, AP and AR environments of virtually all businesses, and so it is incredibly important that it is set up correctly – for maintaining and processing accurate data which can be fed into VAT compliance requirements demanded by international tax authorities. In order to do this, large multinational companies will firstly look to their ERP system, and try to identify best ways of manipulating and configuring these systems to eventually throw out the most accurate VAT calculations and data, and for most companies this needs to happen across many operating entities and countries.

So what works best for this? What can be done within the ERP system (SAP or Oracle) to try and process correct VAT data? And are there other technologies that companies could consider? What is the best approach to ensure you are getting your ERP to produce great VAT results?

Ryan Ostilly, Commercial Director of Tax Technology for Meridian Global Services has plenty of expertise in this area:
“Automating VAT determination in SAP is a common challenge that we find across many of our large clients. This is because standard SAP doesn’t contain the required functionality to manage the VAT complexities of a typical multinational. This is a well known issue, and most companies try to find a solution internally. Of course, business and IT don’t talk the same language, so over the years, amid a constantly changing business and legal landscape, the home grown solution often devolves into a patchwork of separate development and configuration tweaks that are difficult and costly to maintain. Moreover, there are still many residual gaps in functionality which require manual intervention from non-tax staff. This exposes the business to increased tax compliance risks."
"We see this time and time again. The key reason is that internal solutions are often designed around a set of expected results, rather than around a framework of VAT rules."
“As the level of tax risk and maintenance effort increases Tax and IT may look at external solutions to solve their needs. One option could be the deployment of an external tax engine – however this many not be viable for various reasons. There is also the option of implementing a tax engine directly within SAP itself, which would house all the simplified tax determination logic using standard SAP techniques. This latter option is where Meridian has been very active.
"We have developed a complete VAT determination solution with all the relevant VAT rules built in, which can be deployed directly into an existing SAP system. This works very well for multinational organisations operating across many countries who desire better control over their VAT compliance in SAP, but do not have the time, budget and resources to develop this themselves."

Som Prakash, a specialist SAP-VAT implementation consultant, describes the situation from his viewpoint:

“In recent years, indirect tax compliance and accuracy have become one of the prime agendas in corporate board room discussions. One of the pivotal reasons being the increasing number of audits and heavy penalties by cash starved local Governments.

Multinational companies having complex supply chain models, with goods/services crossing borders could attract multiple compliance issues if the transactions are not dealt properly in their ERP system. SAP’s Plants abroad is an out-of-box solution for this for EU enterprises, registered for VAT in multiple different countries. SAP also caters to more complex tax decisions like in the US where Tax is levied by multiple authorities in a single transaction.

In the drive for complete automation of tax decision and compliance, now more and more companies are going for Tax Engines which integrates with ERP system in real time.”

So it would seem that large organisations are under some pressure from external factors i.e. demands of tax authorities to have robust VAT system processes, and this is now high on the finance agenda. There are many approaches that can be taken to find the best solution, although it seems clear that the ERP system cannot handle all the transaction complexities found within a large international group with intricate supply chains etc, and so other tax engine based technologies need to be considered.

That said, a lot of these decisions on technologies will come down to cost and available IT budgets, and installing a tax engine into an international group is a large investment. So I suspect that before taking the plunge, a lot of companies will lean heavily on their ‘old school’ Excel workbooks. Excel is very much open to risk of error, so I think a lot of companies will be managing a technology / risk ratio before tax engines become more of a mainstream piece of kit.

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posted by Simon Godley

New Opportunity - Tax Data Analyst

Wednesday, 1 May 2013

NEW opportunity in London based consulting firm - Tax Data Analyst - looking for someone with advanced Excel skills with VBA experience, to apply this in a tax services business.  
Tax Data Analyst
London | £30,000 - £45,000 + Bens
Our client is a leading audit, tax and consulting firm with a truly global reach and high brand recognition.  Their indirect tax service line is looking to further develop the tax technology offering – providing IT based solutions to large-end clients on how best to extract, streamline and present tax data from within an accounting system.  As a result, they are now looking to recruit a Data Analyst with strong IT / advanced Excel skills to join this already successful team.
Typical projects will be involved with assessing data sources within clients’ accounting systems, devising plans to extract data, writing VB scripts within audit software tools, and creating data sets for VAT reporting purposes.
To match the specialist skills of this role, you will have established experience as a data analyst, and will have very strong Excel / VBA / Macros skills.  You may be based within a large international company, bank or financial services group, now looking to take your experience into a growing consulting market.  This role is based within a tax service line, however previous experience within tax is NOT essential.  In terms of IT skills, you will have significant experience of pivot tables, v-lookups, Excel formulae, use and writing of Macros, extracting data from databases, and ideally will have awareness of some audit tools.  Experience of using the product IDEA will be an advantage, but also not essential.
This is a great opportunity for either an IT based professional, data analyst, or finance systems analyst to move into a growing consulting team at an exciting time.
For more information on this, or to apply, either call Simon Godley at Talentpool Selection on 0870 46 056 46 or contact us through the website

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posted by Simon Godley

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