At a Glance
- Tasks: Join a dynamic tax team, handling VAT compliance and providing advisory support.
- Company: The Bank of England is the UK's central bank, ensuring financial stability for all.
- Benefits: Enjoy flexible working, competitive salary, and a comprehensive benefits package.
- Other info: Applications from diverse backgrounds are encouraged; flexible working arrangements available.
- Why this job: Make an impact in a collaborative culture while developing your skills in finance.
- Qualifications: Chartered Accountant or Chartered Tax Advisor qualification required; banking tax experience preferred.
The predicted salary is between 36000 - 60000 £ per year.
Tax Accountant in FINANCIAL CONTROL AND REPORTING
Join to apply for the Tax Accountant in FINANCIAL CONTROL AND REPORTING role at Bank of England
Tax Accountant in FINANCIAL CONTROL AND REPORTING
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Join to apply for the Tax Accountant in FINANCIAL CONTROL AND REPORTING role at Bank of England
Job Description
Location: Leeds or London
The Bank of England is the UK\'s central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its c.5,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
The Finance & Performance Directorate plays a critical role in protecting the Bank’s financial position and reputation. The overall purpose of the Directorate is to contribute to the successful execution of the Bank\'s aims and objectives by ensuring it has an appropriate financial platform for its broader responsibilities, and for the challenges facing an organisation of more than 5,000 staff, with annual expenditure of circa £700mn.
The Finance & Performance Directorate has four main Divisions, Financial Reporting & Control, Financial Analytics & Insight, the Corporate Investment Portfolio Office and Finance Strategy.
Job Description
This role is an exciting opportunity to join a modern dynamic tax team working at the Bank of England.
A day in the role
Due to the varied nature of the role, there is no such thing as a typical day.
You will be working on VAT Compliance and advisory and providing Tax advisory support to front or back-office functions in the bank.
You will also help to mentor junior colleagues in the team.
Role Requirements
Responsibilities of the role:
Core
- Preparation and review of the Partial Exemption Special Method and VAT returns
- Provide tax advisory support to the business
- Liaising with HMRC on issues as they arise and timely response to queries.
- Support the Tax team in providing corporate tax support to group companies: Help, prepare UK corporate tax computations and file returns. In addition, assist with producing tax disclosures for inclusion in their statutory accounts and dealing with tax technical issues as they arise. Help to resolve tax queries from our external auditors, EY.
- Support the review of the Corporation Tax return.
- Support the Bank’s submissions under the US Qualified Intermediary Programme.
- A high level of integrity, organisation and self-motivation with a desire for self-improvement
- The ability to build effective working relationships with others and provide challenges where appropriate
- Excellent interpersonal and communication skills
- Strong attention to detail
Minimum Criteria
- Chartered Accountant or Chartered Tax Advisor Qualification (UK Qualified)
- Experience of UK banking tax, ideally with exposure to banking VAT
- Good numerate and a proficient user of Microsoft Excel
- Excellent attention to detail
- Good organisational skills with the ability to prioritise work
- Able to work under pressure and to tight deadlines where necessary
- Confident to maintain and develop the good working relationships we have with colleagues in the businesses we support
- Self-motivated and resourceful
- A good team player
- Flexibility and adaptability to work in a fast-paced environment with multiple deliverables and ongoing change
- Alpha tax experience
This role plays a critical function in the Bank by creating the tax numbers in the annual accounts for the Bank of England and also provides tax advisory to the business functions in the Bank.
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we\'re working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We\'ve also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they\'re needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we\'re proud to be a member of the Disability Confident Scheme . If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
Salary And Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
The role for this salary is Competitive.
In addition, we also offer a comprehensive benefits package as detailed below:
- A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year.
- A discretionary performance award based on a current award pool.
- A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
- 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
- Private medical insurance and income protection.
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank\'s Privacy Notice .
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.
The Application Process
Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.
The assessment process will comprise of two interview stages.
This role closes on 29 August 2025
Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.
About Us
We are the UK\'s central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.
Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people\'s money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.
It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.
There\'s much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.
Join us and find a bank like no other. Together, we can make a difference.
The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you’re successful we’ll use it to offer you a position and onboard you to join the Bank.
If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice
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#J-18808-LjbffrTax Accountant in FINANCIAL CONTROL AND REPORTING in London employer: Bank of England
The Bank of England is an exceptional employer, offering a dynamic work environment in either Leeds or London, where you can contribute to the UK's monetary and financial stability. With a strong commitment to diversity, equity, and inclusion, the Bank fosters a collaborative culture that supports employee growth through mentorship and flexible working arrangements. Enjoy competitive benefits, including a generous pension scheme, private medical insurance, and ample annual leave, all while being part of a team dedicated to making a meaningful impact on society.
StudySmarter Expert Advice🤫
We think this is how you could land Tax Accountant in FINANCIAL CONTROL AND REPORTING in London
✨Join Tax Networks
Get involved in tax-focused networks or associations, like the Chartered Institute of Taxation. These communities often host events and workshops which can help you make connections with industry professionals, plus they might even have job boards exclusive to members.
✨Attend Industry Events
Keep an eye out for tax-related conferences and seminars. Events like these are not only great for learning but also for meeting potential employers face-to-face. Use these opportunities to ask questions and express your interest; it’s all about putting a face to the name!
✨Leverage Social Media
Follow leading tax advisory firms, such as Bank of England, on social media. Engage with their posts – comment, share insights, or even ask questions. This can help you get noticed and show your enthusiasm for the industry before you even apply!
✨Showcase Your Knowledge
Consider writing articles or blogs on tax trends and issues. Sharing your expertise on platforms like LinkedIn can boost your visibility and establish you as someone who is serious about a career in tax advisory. Plus, it gives you something to discuss when you land that interview!
We think you need these skills to ace Tax Accountant in FINANCIAL CONTROL AND REPORTING in London
Some tips for your application 🫡
Show Off Your Tax Knowledge:Make sure your CV highlights any relevant tax qualifications, certifications, or coursework you've completed. We want to see that you understand tax laws, regulations, and compliance issues—so detail your academic background or any practical experience in tax advisory to catch Bank of England's eye!
Quantify Your Achievements:In the tax consultancy field, showing measurable outcomes from your previous work can set you apart. Use your CV to include specific examples of how your advice helped clients save money or avoid penalties. Numbers speak volumes in our industry and can really highlight your impact.
Tailor Your Cover Letter:Your cover letter is your chance to express why you're passionate about tax consultancy and why you're excited about working at Bank of England. Share any personal experiences or insights that fuel your interest in the tax advisory field—let your enthusiasm shine through!
Keep It Professional but Approachable:While your written application should maintain a professional tone, don’t be afraid to let a bit of your personality show. Tax advisory is about building relationships, so if you can convey your approachable nature in your writing, that's a bonus when applying for this full-time role at Bank of England!
How to prepare for a job interview at Bank of England
✨Know Your Tax Fundamentals
Brush up on the core principles of tax law, especially recent updates that might affect clients. During the interview, we could face scenario-based questions where we'll need to apply these principles to solve problems, so get comfy with hypothetical situations!
✨Show Your Analytical Skills
Tax advisory isn't just about knowing the rules; it’s about interpreting them. Make sure to prepare examples from your previous studies or experiences where you successfully analysed complex data. We want to demonstrate how we can bring those analytical skills to the table for Bank of England.
✨Understand the Consulting Aspect
Since this is a full-time role, the interview might involve discussing how we communicate tax strategies to clients. Think about times we've interacted with clients or presented technical information in a digestible way. This shows we’re not just tax boffins but can also connect with people!
✨Your Long-Term Vision
As we're aiming for a full-time position, it's important to convey our enthusiasm and long-term interest in tax advisory. Be prepared to chat about why we’re passionate about this field and how we see ourselves growing within Bank of England. It helps to show our commitment!
