Our client, a Major Oil and Gas Operator is seeking a Compliance Tax Accountant.
This is a 12 Month PAYE contract role and can be based in either London or Aberdeen
Purpose of Role:
The Compliance Tax Accountant is responsible for preparing direct tax returns for the client in compliance with the law, in respect of UK companies in the group, and UK fields, as applicable.
The roles involve the entire preparation of the tax returns further detailed below, involving financial analysis, application and interpretation of UK tax legislation as it applies to the returns and detailed computation of the associated tax liabilities. The roles also involve checking tax liabilities and repayments, and responding to questions from the UK tax authority, HM Revenue & Customs (HMRC). The aim is to correctly agree the client’s UK direct tax liabilities with HMRC.
The role also involves supporting the Tax Accounting Team in certain aspects of the tax accounting cycle.
Areas of Accountability, Responsibility and Competence:
Preparation of selected Corporation Tax returns and computations for the client’s UK companies including companies subject to the industry specific UK upstream Ring Fence tax regime. Preparation of all necessary data, examination of technical issues, computation of tax liability using oil industry specialist software.
Filing (using iXBRL as appropriate) Corporation Tax Returns with HMRC, addressing questions from HMRC, ultimately ensuring that liability agreed.
Preparation of transfer pricing documentation in relation to above Corporation Tax returns.
Preparation of selected Petroleum Revenue Tax (PRT) returns including complex infrastructure assets, filing returns, and addressing any HMRC questions.
Preparation of non-resident contractor tax return.
Researching/legislative checking of selected tax technical matters relevant to tax return responsibilities.
Preparation of UK statutory accounts disclosures for selected UK group companies.
Preparation of the annual comp to provision true ups for a selection of the UK companies
In conjunction with the Tax Lead – Compliance, engaging with Tax Accounting Team on compliance issues or projects that impact tax reporting
Any other reasonable duty as per instruction by your manager.
Critical Skills, Qualifications, Experience, etc.:
Experience in relevant corporate or accountancy firm environment.
Understanding of complex accounting.
A professional taxation or accounting qualification with a track record of relevant experience, ACA, ACCA, CIMA, AAT or ATT.
A high degree of specialist knowledge and competence in UK upstream taxation across Ring Fence Corporation Tax and Petroleum Revenue Tax. (desired but not essential).
Strong analytical ability.
Attention to detail and a desire for precision.
Strong communication skills.
Ability to work independently and as part of a team.
Knowledge of UK Upstream tax software desirable, together with good knowledge of SAP and Excel.