At a Glance
- Tasks: Assist in providing expert employment tax guidance and support.
- Company: Join Tolley, a leader in tax expertise and resources.
- Benefits: Enjoy flexible working options and access to exclusive tax tools.
- Why this job: Be part of a dynamic team making a real impact in the tax industry.
- Qualifications: No specific qualifications required; enthusiasm for tax is key!
- Other info: Free trial access to Tolley+ for all employees.
The predicted salary is between 36000 - 60000 £ per year.
CSOPS ― qualifying conditions for companies
From a corporate perspective, the qualifying conditions for company share option plans (CSOPs) are relatively relaxed. There are no restrictions on the gross assets of the company or group, nor on the number of employees that are able to work for them. Similarly, the type of business they operate does not need to be checked against a list of excluded trades.
In other words, any company that wishes to do so, with the notable exception of a subsidiary company whose shares are not listed, is able to implement and benefit from the use of a CSOP.
HMRC guidance on general requirements which must be met is at ETASSUM41000 onwards.
Qualifying company or group
Either a single company or a group can operate a CSOP. In a group situation, the main point to be satisfied is that the company which has established the scheme, and over whose shares options are to be granted, must have control either directly or indirectly over any subsidiaries whose employees will be invited to participate.
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Employment Tax employer: LexisLexis
Contact Detail:
LexisLexis Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Employment Tax
✨Tip Number 1
Familiarise yourself with the latest HMRC guidelines on employment tax, especially regarding benefits in kind. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals in the employment tax sector. Attend relevant seminars or webinars where you can meet industry experts and ask questions. This can provide you with insights that could be beneficial during your application process.
✨Tip Number 3
Consider joining online forums or groups focused on employment tax discussions. Engaging in conversations about current issues and trends can enhance your knowledge and give you talking points for interviews.
✨Tip Number 4
Prepare to discuss real-world scenarios related to employment tax during your interview. Think of examples where you’ve applied tax principles or resolved tax-related issues, as practical experience can set you apart from other candidates.
We think you need these skills to ace Employment Tax
Some tips for your application 🫡
Understand Employment Tax Concepts: Familiarise yourself with key concepts related to employment tax, such as taxable benefits, PAYE regulations, and specific rules for company cars and living accommodation. This knowledge will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience in tax compliance, advisory roles, or relevant financial positions. Use specific examples to demonstrate your understanding of employment tax issues.
Craft a Tailored Cover Letter: Write a cover letter that directly addresses the job description. Mention your passion for tax law and how your skills align with the requirements of the Employment Tax role. Be sure to include why you want to work for the company.
Proofread Your Application: Before submitting, carefully proofread your application materials for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial in the field of tax.
How to prepare for a job interview at LexisLexis
✨Understand Employment Tax Fundamentals
Make sure you have a solid grasp of the key concepts related to employment tax, especially the taxable benefits associated with company assets. Familiarise yourself with specific rules regarding company cars, vans, and living accommodation, as these are likely to come up during your interview.
✨Stay Updated on HMRC Guidelines
Keep yourself informed about the latest HMRC guidelines and changes in legislation that affect employment tax. Being able to discuss recent updates will demonstrate your commitment to staying current in the field and your understanding of how these changes impact employers and employees.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions where you may need to apply your knowledge to real-life situations. Practice articulating how you would handle specific cases involving taxable benefits or PAYE implications, as this will showcase your problem-solving skills and practical understanding.
✨Showcase Your Analytical Skills
Highlight your analytical skills by discussing how you approach complex tax issues. Be prepared to explain your thought process when calculating cash equivalents for benefits in kind or assessing the implications of asset lending, as this will reflect your ability to navigate intricate tax matters.