About the role
This role is responsible for providing VAT advice and compliance oversight across the UK business, ensuring adherence to HMRC regulations and group finance controls. The role involves reviewing VAT returns, Partial Exemption adjustments, and balance sheet reconciliations, while supporting the wider business and training the VAT team. You'll work closely with HMRC, auditors, and internal stakeholders to identify VAT savings opportunities and drive process improvements.
You will be responsible for
* Providing VAT advice which ensures that the business complies with all the relevant legislation, regulations and HMRC policy. Liaising with HMRC and the business regularly to ensure compliance obligations are met.
* Ensuring the UK businesses adhere to group fianance controls and that the HMRC Guidelines for Compliance for VAT (GfC8) are met. The role will also entail working with auditors, both internal and external as well as preparing the VAT section of the SAO certificate.
* Reviewing the Tesco PLC VAT group returns, Partial Exemption annual adjustments, Capital Goods Scheme adjustments before they are submitted to HMRC.
* Training and supporting the TBS VAT team to ensure they are capable and competent on all VAT compliance matters and that they are able to follow the correct processes in their roles. Thsi includes working with the Global VAT Reporting Tool and developing knowledge of how the ERP system works along with the multitude of other systems which feed into VAT compliance.
* Reviewing the VAT accounts for Balance Sheet purposes to ensure movements are as expected. I am also able to prepare the balance sheet reconciliations if required.
* Preparing, reviewing and updating Working Capital budgets and forecasts for the VAT accounts and liaising with Treasury on the cash pipe forecast for VAT payments/receipts
* Working with the business (particularly Finance and Treasury), external advisors and HMRC where appropriate.
* Looking for VAT savings where appropriate but also alert to potential improvements to systems and processes.
You will need
* Detailed understanding of VAT and the compliance obligations, combined with the ability to work with all areas of the business in a commercial and practical manner.
* Work in a professional environment (practice and/or industry)
* Good working knowledge of UK VAT law
* Accountancy and/or Tax professional qualification
What’s in it for you
We’re all about the little helps. That’s why we make sure our Tesco colleague benefits package takes care of you – both in and out of work. Click Here to find out more!
* Annual bonus scheme of up to 20% of base salary
* Holiday starting at 25 days plus a personal day (plus Bank holidays)
* Private medical insurance
* 26 weeks maternity and adoption leave (after 1 years’ service) at full pay, followed by 13 weeks of Statutory Maternity Pay or Statutory Adoption Pay, we also offer 6 weeks fully paid paternity leave
* Free 24/7 virtual GP service, Employee Assistance Programme (EAP) for you and your family, free access to a range of experts to support your mental wellbeing
About us
You might know us as a supermarket, technology company or even for our award-winning mobile network. Truth is, we’re all of those things, and much more. Our colleagues work with one goal in mind, helping to make every day a little better for our customers, colleagues and communities all over the world. No two customers are the same, neither are our colleagues.
At Tesco, we champion a balance that lets you thrive both in and out of work. Spend 60% of your week collaborating with colleagues at our office locations or local sites and the rest remotely. Whether you're just kicking off your career, juggling passions, or navigating big life events, we're here to support you. We always welcome a conversation about flexible working, so talk to us throughout your application about how we can support.
We're proud to be an accredited Disability Confident Leader, where everyone’s welcome. That’s why we commit to providing a fully inclusive and accessible recruitment process. If you need support with your application, for more information. And if you're interested in joining our team but don't tick every box, don't let that hold you back from applying.