Tax Assistant Manager

Sterling Williams are working exclusively alongside a leading International Bank based in the City of London in their search for a Tax specialist to join their team.

• Assistant Tax Manager
• 12-month Fixed Term Contact initially, which may extend.
• Salary circa £55,000 - £70,000 pa plus benefits (dependent on experience)
• Hybrid working (3:2) based in the City of London.

Purpose & responsibilities of the role will include:

• This role is responsible for preparing tax reports, maintaining tax-related documentation, and will act as a key contact for tax projects and inquiries for the London business.
• Prepare, compile and explain UK Corporation Tax for London branch, including application of Capital Allowance, CATA (Capital Attribution Tax Adjustment) and transfer pricing adjustment.
• Compile Bank Levy information and provide tax-related data for UK group reporting.
• Prepare and submit internal tax reports, ensuring compliance with regulatory requirements, including Pillar 2 calculations and disclosers.
• Prepare and file other business taxes, including VAT returns with PESM, BBSI, ATED etc
• Accurately update the Transfer Pricing Local File and maintain Tax Strategy.
• Identify opportunities for tax refunds, prepare the necessary refund forms, and submit claims in compliance with applicable regulations.
• Provide tax certificate and tax forms, as required by custodians and different stakeholders
• Provide FATCA (Foreign Account Tax Compliance Act) related documentation upon request.
• Work closely with and respond to queries from other departments, such as auditors and Head Office, to provide relevant tax information.
• Draft documents as per HMRCs information request.
• Review and update existing policies and procedures related to tax.
• Proactively identify and report discrepancies, unusual transactions or potential high-risk activities, ensuring compliance and mitigating financial and operational risks.

Required Skills and Experience:

• Professional accounting qualifications such as ACCA/ICAEW/ACA, or CIOT/ATT, or Advanced Diploma in International Taxation (ADIT) OR Professional UK based tax qualification such as Chartered Tax Advisor (CTA) is desirable.
• Minimum of 3-5 years of UK corporate tax experience, within banking or financial services industry in the UK ideally
• Basic understanding of financial instruments and the relevant accounting requirements in the UK.
• Comprehensive understanding of UK tax laws and regulations, including corporate tax and VAT to ensure compliance and ability to provide accurate guidance.
• Excellent communication skills to convey complex tax information clearly to stakeholders at all levels both internally and externally.
• Capacity to analyse complex tax issues and develop effective solutions, ensuring compliance and optimising tax positions. Flexibility to adjust to changing tax laws and regulations, ensuring ongoing compliance and strategic planning.
• Bachelors degree in accounting, Finance, Economics or related field, or masters degree in taxation, Accounting, or Finance (desirable but not essential)