At a Glance
- Tasks: Manage tax processes for UK partners and ensure accurate financial reporting.
- Company: Join a leading global law firm with a strong reputation.
- Benefits: Competitive salary, flexible working options, and professional development opportunities.
- Other info: Dynamic role with opportunities for project work and career advancement.
- Why this job: Be the go-to expert for partner tax matters and make a real impact.
- Qualifications: Qualified ACA/ACCA CTA or 2+ years in a tax role, with strong Excel skills.
The predicted salary is between 60000 - 80000 £ per year.
I'm working with a global law firm who are looking to recruit a UK Partner Tax Manager.
Key Responsibilities
- Managing the tax reserving process for UK resident partners, including:
- Accounting aspects;
- Allocation of partnership accounting profits and tax adjustments from the various Firm’s partnerships;
- Monthly review of tax reserve postings;
- Posting journals onto accounting system to ensure tax reserve accounts show an up-to-date position;
- Review and allocate foreign taxes paid by branches and withheld from clients.
- Calculation of annual tax reserve charge;
- Calculation and review of effective tax rates, including forecast for drawings purposes;
- Double tax relief claims together with the management and quarterly reconciliation of the foreign tax accounts;
- Tax equalisation calculations for all UK valve partners and assistance for foreign partners receiving UK sourced profit;
- Applying available tax reliefs and the calculation and release of pension/gift aid and investment relief;
- Review of former partner tax balances.
- Preparation/review of tax payment schedules provided by external advisers;
- Requesting payments from partners of personal related income;
- Analysing former partner balances;
- Advise on applications for reductions in payments on account where necessary;
- Forecast future tax payments for budgeting purposes.
- Briefing lateral hires and newly promoted partners;
- Preparation of a tax reconciliation for departing partners including review of the deed of withdrawals;
- Preparation of annual tax reserve statement;
- Preparation of individual statements showing a reconciliation from profit allocation to taxable profit;
- Responding to partner / external tax adviser queries.
Qualifications Required
- Qualified ACA/ACCA CTA qualified or 2 years minimum experience in a tax related role
- Excellent Excel skills
- Experience using an accounting system
- Excellent communication skills
- Ability to work remotely
Ideal Experience
- Experience of partnership structures
UK Partners Tax Manager in London employer: Hays
Contact Detail:
Hays Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land UK Partners Tax Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and tax sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss tax reserving processes and partnership structures confidently. We recommend practising common interview questions with a friend or using mock interview tools.
✨Tip Number 3
Showcase your skills! Create a portfolio that highlights your experience with tax calculations and accounting systems. This could be a great conversation starter during interviews and will help you stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace UK Partners Tax Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the UK Partners Tax Manager role. Highlight your relevant experience in tax management and partnership structures, and don’t forget to showcase your ACA/ACCA CTA qualifications. We want to see how your skills match what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects or experiences that relate to the responsibilities listed in the job description. Let us know what excites you about working with our global law firm.
Show Off Your Excel Skills: Since excellent Excel skills are a must-have for this position, make sure to mention any relevant experience you have with data analysis or financial modelling. If you’ve worked on tax calculations or reconciliations using Excel, we want to hear about it!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Hays
✨Know Your Tax Stuff
Make sure you brush up on your tax knowledge, especially around partnership structures and tax reserving processes. Be ready to discuss specific examples from your experience that demonstrate your understanding of tax calculations and effective tax rates.
✨Excel Like a Pro
Since excellent Excel skills are a must for this role, practice using advanced functions and data analysis techniques. Bring along examples of how you've used Excel in previous roles to manage tax data or prepare reports, as this will show your practical skills.
✨Communicate Clearly
Strong communication skills are key, so think about how you can convey complex tax concepts simply. Prepare to discuss how you've effectively communicated with partners or external advisers in the past, as this will highlight your ability to be the first point of contact.
✨Project Management Experience
Be ready to talk about any project work you've been involved in, particularly if it relates to tax reconciliation or working with external advisers. Highlight your ability to manage multiple tasks and deadlines, as this will show you're capable of handling the ongoing projects mentioned in the job description.