Tax Assistant - VAT Edinburgh, Scotland
Lloyds Banking Group
Full Time
Edinburgh, Scotland
26980 - 28400 GBP ANNUAL Today
Job description
End Date
Monday 28 August 2023
Salary Range
£26,980 - £28,400Agile Working Options
Job Description Summary
JOB TITLE: VAT Tax AssistantSALARY: £26,980 - £28,400
LOCATION(S): Edinburgh
HOURS: Full-time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites
We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.
Job Description
Group Tax is a key function within the Finance community of LBG, having responsibility for managing the Group’s tax affairs. The Group has a wide range of tax payments, deductions, and reporting obligations both for its own account but also for its colleagues and customers. Group Tax manages these obligations on behalf of the Group, ensuring the tax consequences of all transactions are understood and that the Group is in full compliance with its statutory obligations.
This role is part of the Group VAT Assurance, Risk and Compliance team that has specific responsibility for the Group’s VAT and other Indirect Tax obligations to HM Revenue & Customs (HMRC).
What you’ll do:
This is a challenging role for a diligent, high-potential individual to join the VAT Assurance, Risk and Compliance team within the Group Tax function of Lloyds Banking Group as a VAT Assistant.
- Preparing, to review stage, specified sections of the LBG Group quarterly VAT returns and other VAT returns specified by Managers from time to time and validating information supplied by business areas.
- Ensuring all VAT accounting entries, payments and reconciliations are completed in a timely fashion and preparing journals, CHAPS payment requests and intercompany transfers as required.
- Involvement in management of emails on VAT queries from the business and finance stakeholders, logging receipt and informing managers promptly of any issues or necessary actions.
- Helping in dealing with VAT and IPT compliance queries and providing basic advice on own area of specialism.
- Providing ad-hoc support on a wide range of compliance and assurance projects.
- Contribute to the development and improvement of VAT processes and systems to support the work of more senior colleagues.
- Assisting in research work and the review of VAT accounting procedures.
- Gathering information to enable internal queries and queries from HM Revenue and Customs to be answered.
- Maintaining databases for VAT purposes and dealing with associated correspondence.
- The ability to develop specialist knowledge within the field of indirect tax.
- Keeping abreast of business and technical developments in own area of specialism and helping with the implementation and communication of changes.
What you'll need:
- Good analytical and problem-solving abilities.
- Accuracy, time management and ability to meet tight deadlines.
- Active participation in training initiatives and taking ownership of self-development.
- Initiative and good people skills with ability to form effective working relationships with colleagues in all parts of the Group and with HM Revenue and Customs.
- Relevant experience from a previous VAT compliance role is preferred. Support will be provided to the successful candidate to commence Tax/VAT professional qualifications as part of their self-development.
About working for us:
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative, and it’s why we especially welcome applications from under-represented groups. We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual performance-related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 22 days holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
Ready to start growing with purpose? Apply today
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
