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- Tasks: Join us as a Tax Accountant, managing VAT compliance and providing essential tax advice.
- Company: Petrofac is a global leader in energy services, supporting the transition to alternative energy sources.
- Benefits: Enjoy flexible working options with a hybrid approach and a supportive work culture.
- Why this job: Be part of an exciting journey in the energy sector, making a real impact on future energy needs.
- Qualifications: Professional accounting or tax qualification required, along with strong UK tax and VAT knowledge.
- Other info: Collaborate with a diverse team and develop your skills in a dynamic environment.
The predicted salary is between 36000 - 60000 £ per year.
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies. We design, build, manage, and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination. The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs. This is an exciting time to join us on this journey. We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week. Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
Key Responsibilities:
- Tax compliance and providing advice and support to Asset Solutions legal entities in Europe and Africa, relating to VAT and employment taxes.
- Preparation of the UK group VAT return.
- Manage input, output and control VAT accounts.
- Monthly VAT netting process.
- Monthly balance sheet reconciliations.
- Review and approve VAT treatment of new contracts.
- Manage and work with advisors to ensure overseas tax returns are submitted.
- Work with customs team to ensure PIVA, C79, and deferment duty are correctly accounted for.
- Review and approve expenses which have non-recoverable VAT.
- Review and approve CIS returns.
- Review and approve IR35 assessments.
- Review and approve sub-contractors to comply with Facilitation of Tax Evasion rules.
- Approve relocation expenditure in accordance with HMRC guidance and collate for inclusion in P11D/PSA submissions.
- Assist with employment tax queries from the business.
- Keep the business up to date with developments in tax legislation and government initiatives.
- Review and assess processes regarding VAT compliance and reporting, implementing improvements where possible.
- Liaison with tax advisors as appropriate.
The above is an outline of key duties and accountabilities, rather than an exclusive or exhaustive list of responsibilities. The postholder is expected to undertake any tasks which may reasonably be expected within the scope of the position.
Essential Qualifications and Skills:
- Professional qualification in accounting or tax, ICAS/ACCA/CTA/ATT.
- Good general UK tax knowledge.
- Good working knowledge of VAT.
- Strong organisational capabilities.
- Good judgement and decision-making skills.
- Strong communication skills and a strong team player.
- Ability to work under pressure.
- Excellent analytical skills and the ability to meet deadlines through planning, organisation, and persistence.
- Responsible for the design and implementation of new processes to ensure effective and consistent controls are in place, using Oracle as a platform to improve our tax information systems.
- High level of computer literacy, particularly with Excel.
- At least post-qualifying experience within the profession or industry (UK and international).
- Preference for oil services corporate experience.
- Financial reporting accounting experience.
- Experience in preparing UK VAT returns and computations.
Tax Accountant employer: Petrofac
Contact Detail:
Petrofac Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Tax Accountant
✨Tip Number 1
Familiarise yourself with the latest UK tax legislation and VAT regulations. Being up-to-date will not only help you in interviews but also demonstrate your commitment to the role and the industry.
✨Tip Number 2
Network with professionals in the energy sector, especially those who work in tax compliance. Attend industry events or join relevant online forums to gain insights and make connections that could lead to referrals.
✨Tip Number 3
Showcase your analytical skills by preparing examples of how you've improved processes in previous roles. Be ready to discuss specific instances where your contributions led to better compliance or efficiency.
✨Tip Number 4
Highlight your experience with Oracle and Excel during discussions. Since these tools are crucial for the role, demonstrating your proficiency can set you apart from other candidates.
We think you need these skills to ace Tax Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Tax Accountant role at Petrofac. Emphasise your qualifications in accounting or tax, as well as your knowledge of VAT and UK tax regulations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the energy industry and your understanding of Petrofac's mission. Mention specific experiences that demonstrate your ability to handle tax compliance and provide advice effectively.
Highlight Relevant Experience: In your application, focus on your previous roles that involved VAT returns, tax compliance, and working with tax advisors. Use concrete examples to illustrate your analytical skills and decision-making abilities.
Showcase Soft Skills: Petrofac values strong communication and teamwork skills. Make sure to include examples of how you've successfully collaborated with others and communicated complex tax information in your previous roles.
How to prepare for a job interview at Petrofac
✨Know Your Tax Legislation
Make sure you brush up on the latest UK tax legislation and any recent changes that may affect VAT and employment taxes. Being able to discuss current developments will show your expertise and commitment to staying informed.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills by discussing past experiences where you've successfully managed VAT compliance or improved processes. Use specific examples to illustrate how you approach problem-solving and decision-making.
✨Highlight Teamwork and Communication
Since the role requires strong communication and teamwork, think of examples where you've collaborated with others, especially in a tax-related context. Be ready to explain how you effectively liaised with advisors or worked within a team to achieve a common goal.
✨Familiarise Yourself with Oracle
As the role involves using Oracle for tax information systems, it’s beneficial to have a basic understanding of how Oracle works. If you have experience with similar platforms, be prepared to discuss that and how it can translate to this position.
