UK Corporate Tax compliance and reporting analyst

London, United Kingdom
20 Jan 2023
03 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Tax Analyst will be part of the EMEA Tax team within Finance, working on a portfolio of Citi UK companies.

Responsibilities include monthly reporting and Effective Tax Rate monitoring, ensuring the timely preparation and submission of UK corporate income tax returns, preparation of tax data for inclusion within UK statutory accounts as well as ad hoc technical advisory and support.

The Tax Analyst will work with the wider EMEA tax team, including the offshore team in Poland, as well as Finance Controllers and the global tax team in the US.

Key Responsibilities:

  • Working in a team dealing with tax related matters.
  • Assist with preparation and review of corporate tax computations
  • Support on wider compliance areas to potentially include bank levy, CATA, R&D claims, CFCs and any other relevant areas
  • Monthly tax provisioning including calculating the tax accruals, as well as the management and reconciliation of the tax balances on the ledger & effective rate analysis.
  • Preparation and review of tax numbers and dosclousres for statutory accounts
  • Calculation of tax payments as well as the management of tax balances with the Revenue
  • Collating YTD and forecast P&L information and calculating estimated taxable income positions
  • Liaising with the foreign branch accountants to regularly monitor the local tax accruals and tax attributes (including tax paid, utilisation of losses, prior year adjustments)
  • Completion of on-line US Tax Packages which contain attributes for our UK companies
  • Ad-hoc research in relation to issues arising during the course of undertaking the above responsibilities
  • Preparation of responses to HMRC queries regarding tax issues
  • Liaising with the UK Financial Control team & New York tax department as required
  • Supporting the UK Head of tax with tax legislative developments and planning where necessary
  • Working with the EMEA Tax team in Poland who support the UK team with some of the above
  • As required foreign travel to support Poland EMEA tax team
  • Ad hoc including WHT / Certificate of residence issues
Development Value:
  • Opportunity to work in a complex environment
  • Contact with a number of people within the organisation, both domestically and internationally
  • Good overall understanding of the UK tax compliance process
  • Good overall understanding of the Finance functions for a licensed bank.
  • Demonstrate in depth experience of applying both UK general accounting and UK tax accounting concepts to day to day work.
  • Knowledge and experience of corporation tax compliance and computation preparation and review.
  • Knowledge of financial sector accounting and systems would be an advantage.
  • Excellent working knowledge of Excel.
  • Working knowledge of a tax software system eg Alphatax / OneSource etc
  • Able to demonstrate experience of suggesting pragmatic solutions to problems and conclude where appropriate.
  • Demonstrate experience of working to multiple deadlines.
  • Be able to work unsupervised on day to day responsibilities.
  • Demonstrate experience of working as part of a team to achieve team goals
  • Demonstrate ability to manage a number of different issues and be able to manage own time appropriately.
  • Demonstrate an ability to quickly understand new technical issues.
  • UK Accounting or UK tax qualification required or related business experience
  • Able to work independently with minimal supervision
  • Self-motivated, demonstrating initiative and a pro-active approach
  • Strong interpersonal skills and a team player
  • Analytical skills, inquisitive and willing to ask probing questions in order to derive financial data and understand transactions in order to perform the role
  • High energy level with ability to work well under pressure on multiple priorities and to critical deadlines
  • Good verbal and written communication
  • Ability to prioritise appropriately
  • Excellent attention to detail
  • Resilient and able to deal with changing deadlines
  • Good interpersonal skills
Job Family Group:
Finance -------------------------------------------------
Job Family:
Tax ------------------------------------------------------
Time Type:
Full time ------------------------------------------------------
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