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.