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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 Consultant - Entry Level Opportunity

Thursday, 18 July 2013

New tax technology role looking for a part-qualified ACA / ACCA / CIMA candidate with some corporate tax compliance, tax accounting or financial reporting experience, coupled with strong IT / Excels skills, to transfer their career and develop into the tax systems / technology market:

Implementations Consultant - Leading Tax Software Product
London | £30,000 - £40,000 + Bens

Do you have experience in corporate tax compliance and/or preparing tax figures for accounts? Do you have a strong interest in IT, Excel functionality & computing systems? If yes, this is an excellent opportunity to combine those skills and interests, and to focus your career into high-end tax reporting systems.
Due to growth of this software company in Europe and increased customer pipeline, a new role has been devised for a corporate tax accountant or financial analyst with good IT / Excel skills to work on client projects to implement tax accounting and compliance systems. This will be a client-facing role, and also acting as a project co-ordinator between various key stakeholders – the client, sales, IT and external project partners. You will ideally have an accounting/ tax compliance background, you may be a part-qualified accountant (ACA / ACCA / CIMA), having worked on the year-end tax accounting process and / or corporate tax computations for a large corporate group. You may have moved your experience towards tax technology and tax software systems, either within a Big 4 consultancy or as part of an in-house tax role within a large international group.
In particular, you may have been involved with mapping new accounting or tax software with data from a previous software system, although this experience is not essential.
You do not need to be an IT program specialist to move into this role, although a keen interest and aptitude for IT applications (e.g. Excel / MS Access/basic SQL scripts) will be very beneficial. In addition, you will be confident with very strong communication and relationship skills, now looking to progress your career into the high growth field of tax technology.

For more information or to apply for this position, please click through to our recruitment website here 

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posted by Simon Godley

VAT software - great entry level role in London

Thursday, 11 July 2013

Currently looking for good Maths / science / engineering / IT graduates with 1-2 years' professional experience in IT/software, preferably with some knowledge of the finance & accounting market, now looking to join a leading organisation in tax software.

VAT Software Consultant (entry level role into leading team)
London | £25,000 - £40,000 + Bens

Our client is a top tier organisation, and with a highly successful and market leading Tax-IT systems division, based in central London.

A client-facing analyst role has arisen to assist client organisations with the implementation and set-up of an Indirect Taxes / VAT compliance solution.  The role will involve working with ERP and other IT applications within the finance environment of the client, and so strong MS Excel / Access / SQL knowledge and skills will be sought.

Key responsibilities of the role involve:
  • Client requirement gathering and documenting
  • Drafting proposal plans and client specs
  • Working on full end-to-end implementations process of software, involving configurations and testing, and training of end users
  • Providing post-implementations support to users
You will be a graduate with a 2:1 degree of higher, preferably in a science / IT / computer science subject.  You will have started professional experience over the last 1-3 years, either working in an IT/software or ERP environment learning an implementations process, or working in a tax/VAT compliance role involving a high degree of IT systems / use of software or Excel.  Any exposure to VAT within the SAP/ERP environment or on tax engines would be highly beneficial.

You will also have gained client communication experience, be able to work effectively in a team, and have a methodical and pragmatic approach to problem solving with a high attention to detail.

This is an entry level role into a specialist software team where you will develop both technical and business skills, and those that work consistently well with clients and deliver value to clients will be rewarded with strong career progression.

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posted by Simon Godley

UK: Global Tax Technology Hub

Monday, 1 July 2013

By Simon Godley

When I entered the accounting profession in 1994 with Arthur Andersen in London, now almost 20 years ago, the phrase tax technology (if it existed at all) didn’t mean very much and would have sounded very ‘Tomorrow’s World’. Tax compliance software had been developed by then, although this was not much more than a well presented colour-coded spreadsheet. At this point in time, having my own PC on my desk felt very modern world, but at this point it certainly wasn’t connected to the World Wide Web.

Since then, and coming up to the present day, there has been immense growth and development of the tax technology & systems market in the UK – in terms of numbers of organisations operating in it, the variety of products and services, and the sheer numbers of specialists in the field.

Back in 2008, I set up a network Group on LinkedIn called Tax Technology People. This group now has a membership of just over 1,250 worldwide. LinkedIn gives some very useful user stats on its Groups, particularly on location demographics of group members. This reveals that Greater New York is the most popular location of where tax technology people are based (with 11% of members), with London as firmly No2 location (with 8%). Other similar tax technology groups on LinkedIn put London in the top 5 locations, with London being the only non-US location/city.

I think there are many contributory reasons for this – as well it being generally an attractive place to do business, the UK has been very innovative at developing its own domestic tax software products to handle the challenges of very complex UK tax legislation. Coupled with that, London is seen as a useful gateway to Europe, and as such has attracted a good number of overseas technology businesses (that are operating in the tax domain) to have offices in the UK, do more local business in the UK and expand their operations into Europe. Of course, the Big Four and management consulting firms have always had large offices in London, and these offices have also grown their service lines in the tax technology advisory area. These factors have all worked together over the last 15-20 years to establish London and the UK as the key global tax technology hub outside the US.

The other trend over the last 10 years has been one of globalisation, with more large-end multinationals organising their ERP systems on global platforms. There has been enormous investment by these companies to bring the accounting / finance and finance reporting functions into the fold, and tax is now also usually part of the equation.
Geoff Peck, a Partner with Taxaccord, an implementations consultancy for automated tax solutions has been at the forefront of these technological advancements.

Geoff comments: “UK/EU based organizations contemplating a global approach for management of indirect tax and processes will see a second wave of technology gather pace over the next 6-12 months. This will be far more compelling than previously. Without compromising the need for local knowledge those common solution elements covering jurisdictions and tax types across the world are handled in a more natural way. After all, ERP, which remains the source of truth for tax, is implemented globally, so it makes sense that your tax tools are the same way”.

It would seem that at the forefront of IT / systems developments there is a convergence of the ERP and tax reporting systems, with the aim of a large corporate group having all their financial and tax data on one global platform. This has been work-in-progress for some years now, but I sense there may be an acceleration to the finish line as the technology now seems more ready.

There will be some strong winners in this race from the product side, and those that were first movers into this enterprise level tax data management system market will be in pole position, and a market which has quite high barriers of entry as there is a very long lead time to develop an IT solution that works.
One fact remains – the people behind this fast developing sector have and continue to be drawn to the UK to further their exposure and hopefully propel their careers.

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posted by Simon Godley

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