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For Companies At a Glance
- Tasks: Assist in understanding and applying VAT regulations and exemptions.
- Company: Join Tolley, a leader in tax guidance and expertise.
- Benefits: Enjoy flexible working options and access to expert resources.
- Why this job: Gain valuable experience in tax law while contributing to meaningful financial guidance.
- Qualifications: No specific qualifications required; enthusiasm for learning is key.
- Other info: Opportunity to work with cutting-edge tax AI tools.
The predicted salary is between 36000 - 60000 £ per year.
Reverse charge ― buying in services from outside the UK
Value Added Tax Guidance
This guidance note covers the reverse charge that applies to services that have been bought in from outside the UK.
For an overview of VAT and international services more broadly, see the International services ― overview guidance note.
For in-depth commentary on the legislation and case law in relation to the reverse charge, see De Voil Indirect Tax Service V3.231.
Reverse charge ― the basics
Certain services are subject to a reverse charge when they are bought in from outside the UK. This means that instead of the supplier being required to register and account for VAT on its supply of services as normal, the obligation to account for VAT on the services is actually shifted to the customer. The customer therefore treats the service as if it were supplied both to and by itself. In other words, the customer must “self-account” for the VAT on its purchase.
The customer is still able to recover the VAT that it charges to itself under the reverse charge subject to the
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Interest areas
Areas of Taxation (select all that apply): Corporate Tax, Employment Taxes, IHT, Trusts & Estates, Owner-Managed Businesses, Personal Tax, VAT
Payments to trust beneficiaries
Payments to trust beneficiaries. This guidance note considers the trustees powers to make payments and whether the payment made is income or capital. This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts.
Interest on late paid tax
Interest on late paid tax. Introduction. Interest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.
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Value Added Tax employer: LexisLexis
Contact Detail:
LexisLexis Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Value Added Tax
✨Tip Number 1
Familiarise yourself with the specific VAT exemptions listed under VATA 1994, Sch 9, Pt II. Understanding these exemptions in detail will not only help you during interviews but also demonstrate your expertise and commitment to the role.
✨Tip Number 2
Stay updated on recent changes or updates in VAT legislation and guidance. This knowledge can set you apart from other candidates and show that you're proactive about your professional development.
✨Tip Number 3
Network with professionals in the VAT field, whether through LinkedIn or industry events. Building connections can provide insights into the job market and may even lead to referrals for positions at StudySmarter.
✨Tip Number 4
Prepare for potential interview questions by practising how you would explain complex VAT concepts in simple terms. This skill is crucial for roles that require clear communication of tax matters to clients or colleagues.
We think you need these skills to ace Value Added Tax
Some tips for your application 🫡
Understand VAT Regulations: Familiarise yourself with the Value Added Tax regulations in the UK, especially the exemptions listed under VATA 1994, Sch 9, Pt II. This knowledge will help you tailor your application to demonstrate your understanding of the subject.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience or education related to VAT, tax law, or financial regulations. Be specific about your roles and responsibilities that align with the job description.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your passion for VAT and tax guidance. Mention how your skills can contribute to the company's goals and values.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the field of taxation.
How to prepare for a job interview at LexisLexis
✨Know Your VAT Basics
Make sure you have a solid understanding of Value Added Tax fundamentals, especially the exemptions listed under VATA 1994, Sch 9, Pt II. Brush up on the specific group headings and be prepared to discuss examples of exempt and standard-rated supplies.
✨Stay Updated on Changes
VAT regulations can change, so it's crucial to stay informed about any recent updates or guidance notes. Familiarise yourself with the latest information from Tolley and other reputable sources to demonstrate your commitment to continuous learning.
✨Prepare for Scenario Questions
Expect scenario-based questions where you may need to apply your knowledge of VAT exemptions to real-life situations. Practise articulating your thought process clearly and logically when tackling these scenarios.
✨Showcase Your Analytical Skills
Highlight your ability to analyse complex tax situations, especially regarding international services and reverse charges. Be ready to discuss how you would approach problem-solving in these areas, as analytical skills are key in VAT roles.
