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.
JOB TITLE: SENIOR TAX ADVISOR
Key Responsibilities
Tax Reporting
* Manage all direct and indirect tax reporting/filings for the AS West business unit
* Review the AS UK corporation tax returns to ensure consistent high quality and timely delivery
* Preparation of the UK Corporate Interest Restriction return
* Overview of divisional tax reporting and accounting (actuals and forecasts tax packs)
* Preparation of tax disclosures and schedules for legal entity financial statements, supporting the AS West finance team reporting requirements
* Responsibility for timely review and submission of UK VAT return
* Overview of compliance in non UK jurisdictions (assurance)
* Provide forecasts for cash tax payable
* Review the monthly tax balance sheet reconciliations
* Comply with the Group Tax strategy and policy and ensure business unit adherence
* Assist with audit and preparation of the annual SAO summary and ensure compliance for each legal entity across the business unit
* iXBRL – review tagged accounts to ensure effective tagging process and CT submissions
* Assist with the preparation/review of the PAYE Settlement Agreement (PSA) for the UK legal entities on a timely basis
* Assist the HR/recruitment and commercial teams with IR35 compliance, review SDAs and assist with contractual requirements
* Review the Country by Country Reporting return for the Asset Solutions West jurisdictions
* Work with the Group Tax team on the BEPS Pillar 2 obligation, collating relevant data and assisting with the preparation of the return
Compliance & Advisory
* Assist the business to ensure correct application of output tax and compliant reclaiming of input tax.
* Support indirect and employment tax queries from the business, liaising with Group Tax to ensure benefits are appropriately taxed and the costs the business is compliant in dealing with PSA, relocations, P11Ds etc.
* Provide tax advice for tenders
* Transfer Pricing – work with the Group Tax to ensure AS West comply with global transfer pricing policies and supply requested information
* Research and Development – work with the Group Tax to optimise AS’s R+D position, assisting with the collation of information from operations and finance.
* Research new country entry requirements to ensure the AS West business is fully tax compliant when undertaking work in new countries.
* Monitor legislative changes, assess the impact on the Business, and propose and implement responses as appropriate
* Build relationships with operations, Commercial and HR to ensure they seek tax advice where required.
* Provide training on tax matters to teams within and out with Finance
* Assure compliance with Facilitation of Tax Evasion legislation, working with the business to come up with practical working solutions.
General
* Update and manage the tax tracker for UK compliance
* Maintain the tax risk register and ensure that all material provided and unprovided tax risks are identified, understood, and tracked
* Address ad-hoc tax related queries from colleagues and support ad-hoc tax projects as required
* Assist in the collation of financial and other data required in the event of tax authority queries.
* Assistance with Legal Entity reduction process across the AS West business
Financial Controls
* Monitor the financial statements risks associated with tax and respond by ensuring the appropriate financial controls are designed, implemented, and operated effectively to provide reasonable assurance on the integrity of the financial statements
* Assess opportunities to optimise the financial controls framework
The above is not exhaustive but the role will cover a broad range of work which includes tax compliance, researching tax issues which affect the business along with keeping up to date with the ever changing tax rules.
Essential Qualifications And Skills
* Professional qualification in accounting or tax, ICAS/ACCA/CTA/ATT
* Good academic record
* Good general UK tax knowledge
* Tax software experience, Alphatax or similar
* Excel
* Reporting writing and analytical skills
* Ability to work effectively with all areas of the business and to communicate with colleagues, and build effective relationships
* Ability to critically analyse current work methods and suggest and rapidly implement successful change
* Strong verbal and written communication in English desirable
* Oracle including TRCS experience
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