This role is a high profile role within the business, and will be No.2 to the Head of Tax. The aim is to reduce reliance on the Head of Tax and prepare the successful candidate for a future Head of Tax role.
This will involve:
- managing tax reporting on a quarterly basis for the worldwide Group (IFRS)
- managing the tax affairs of overseas companies
- leading tax input on M&A
- being the tax lead on other ad hoc projects (e.g. company restructuring, establishment of a procurement hub, appropriate structure for business expansion etc)
Responsibilities will include:
1 Managing tax reporting:
On a quarterly basis, prepare & update the forecast Effective Tax Rate ("ETR") calculation to determine ETR to be applied to reported profits.
At half-year and year-end, work with country finance teams to ensure that their tax reporting is accurate & submitted on time.
Review country tax submissions & consolidate them, as well as reviewing consolidation journals to ensure they are appropriately tax effected.
Prepare tax-related disclosures in annual report
Develop relationship with Group auditors & answer queries
Review and approve Country by Country Report prior to submission
1 Managing tax affairs of overseas companies:
Operate as trusted business partner for local country finance teams
Manage tax audits
Identify & implement tax planning opportunities
1 Leading tax input on M&A
Managing advisers performing tax due diligence on acquisition targets
Ensuring that any due diligence findings are reflected in contractual negotiations, requiring management of legal advisers & in-house legal team
Developing post-acquisition integration plan with external tax advisers, and working alongside those responsible for implementing that plan
1 Being the tax lead on other ad hoc projects
This will involve providing international tax input to various business-driven projects, such as:
Legal entity simplification
Legal entity mergers/demergers
Establishing procurement company
Expansion into new countries