Assistant Manager - Insurance Premium Tax

Assistant Manager-Insurance Premium Tax Job details • Proposed designation Assistant Manager • Role type Individual contributor • Reporting to Tax Manager • Geo to be supported UK VAT • Work timings 8 AM to 5 PM (May differ depending on the profile) Roles & responsibilities • Prepare and review UK VAT returns for financial service and real estate clients. • Ensure accurate treatment of standard rated, reduced rated , zero rated and exempt transactions. • Review VAT adjustments including partial exemption calculations, capital goods scheme adjustments (CGS) and reverse charge transactions. • Validate data extracted from ERP systems and reconcile VAT returns to general ledger balances • Support timely filings of VAT returns and compliance with HMRC requirements. • Support client with Making Tax digital (MTD) compliance process • Identify and implement process improvements to ensure Indirect Tax compliance is handled efficiently and cost-effectively. • Support internal stakeholders on Indirect Tax questions, ensuring a clear understanding of tax implications for business transactions. Roles & responsibilities Training & Mentorship: • Provide guidance and mentorship to team members on Indirect Tax issues and procedures. • Assist in training internal teams on Indirect Tax compliance and best practices. Other Duties: · Stay up to date with changes in Indirect Tax laws and provide proactive advice to ensure compliance. · Assist in preparing Indirect Tax reconciliations and regular clearance of open items · Support ad-hoc Tax projects or corporate restructuring efforts as required. Educational qualifications • Bachelor’s degree in accounting, Finance, Business Administration, or a related field. • Additional qualifications such as CA or equivalent certifications are preferred. Work experience • 5+ years of experience in Indirect Tax compliance, tax consulting, or a similar role. • In-depth understanding of Indirect Tax laws and regulations, including VAT, GST, sales tax, and accounting. • Working experience with Indirect Tax APAC/ EMEA region and knowledge around IPT is an advantage. Experience Level Mid Level