At a Glance
- Tasks: Prepare and manage tax calculations and compliance for various UK tax obligations.
- Company: Join the Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Enjoy a competitive salary, inclusive culture, and opportunities for personal and professional growth.
- Why this job: Make an impact in financial management while working with a diverse and dynamic team.
- Qualifications: Degree in Finance or Accounting; relevant tax qualification preferred.
- Other info: Fluency in Mandarin is a plus; excellent career advancement opportunities await.
The predicted salary is between 36000 - 60000 £ per year.
The Financial Management department is in charge of planning, organising, directing and controlling the financial activities of the Bank. The department performs a variety of financial functions, including accounting and financial reporting, fixed asset and expenses management, budget and management reporting, taxation (indirect and direct), regulatory reporting, treasury (asset and liability management) and capital management.
As a Senior Officer - Tax, you will be responsible for the preparation of various direct and indirect tax calculations and returns. You will also support the Tax Team with core compliance activities as well as contribute to improvements in data processes, controls and governance. This is a full time permanent position.
Key responsibilities:- Support with preparation and compliance for key UK tax obligations across multiple entities, including Corporation Tax and Bank Surcharge, Corporate Interest Restriction, UK Bank Levy, Quarterly Instalment Payments, VAT returns, Withholding Tax and Bank & Building Society Information, working with external advisors where required.
- Assist with tax accounting, financial statement disclosures, Head Office tax reporting and responses to HMRC enquiries.
- Assist with calculating and filing tax returns and claims, including Annual Tax on Enveloped Dwellings (ATED), Construction Industry Scheme (CIS), Certificates of Residence requests, SDLT on rental leases and capital allowances claims related to renovation and building projects.
- Support the Tax Team to meet the Bank's tax reporting and compliance requirements and liaise with auditors and local tax authorities.
- Operate tax controls and reconciliations and assist with continual improvement of the tax control environment.
- Support to enhance data collection and process efficiency.
- Support to enhance and update tax governance process documentation.
- Degree educated in Finance, Accounting or other equivalent.
- Relevant tax qualification (part qualified/newly qualified) such as ATT, CTA, ACCA or ICAEW.
- Hands-on tax experience in the financial services industry.
- Experience working with inbound banks is preferred.
- Attention to detail.
- Highly organised.
- Team player.
- Excellent communication skills.
- Excellent stakeholder management skills.
- Fluency in Mandarin language is desired but not essential.
- Proficient in MS Office (Word, Excel, PowerPoint).
Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branches in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy equal opportunities to grow both personally and professionally.
Senior Officer - Tax in London employer: Bank of China (UK) Limited
Contact Detail:
Bank of China (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Officer - Tax in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services industry, especially those who have experience with tax roles. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss UK tax obligations and compliance processes. We want you to shine when it comes to demonstrating your expertise!
✨Tip Number 3
Don’t forget to showcase your soft skills! As a Senior Officer - Tax, communication and stakeholder management are key. Be ready to share examples of how you've effectively collaborated with teams or managed client relationships.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Senior Officer - Tax in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Officer - Tax role. Highlight your relevant tax experience, qualifications, and any specific projects that showcase your skills in financial management and compliance.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this position. Use it to explain how your background aligns with our needs, especially in areas like tax calculations and compliance activities.
Showcase Your Attention to Detail: In the financial world, attention to detail is crucial. Use examples in your application that demonstrate your meticulousness, whether it's through past work experiences or specific achievements in tax reporting.
Apply Through Our Website: We encourage you to apply directly through our website. This way, you can ensure your application reaches us quickly and you’ll have access to all the latest updates about the hiring process.
How to prepare for a job interview at Bank of China (UK) Limited
✨Know Your Tax Stuff
Make sure you brush up on your knowledge of UK tax obligations, especially those relevant to the financial services sector. Be ready to discuss Corporation Tax, VAT returns, and any recent changes in tax legislation that could impact the role.
✨Showcase Your Attention to Detail
As a Senior Officer - Tax, attention to detail is crucial. Prepare examples from your past experience where your meticulous nature helped avoid errors or improved processes. This will demonstrate your capability to handle complex tax calculations and compliance tasks.
✨Communicate Clearly
Strong communication skills are key in this role, especially when liaising with auditors and local tax authorities. Practice explaining complex tax concepts in simple terms, as you may need to do this during the interview to show your ability to engage with various stakeholders.
✨Be a Team Player
Highlight your experience working collaboratively within a team, especially in high-pressure environments. Share specific instances where you supported your team in achieving compliance goals or improving data processes, as this aligns with the collaborative culture they value.