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.
Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
JOB TITLE: Tax Accountant
KEY RESPONSIBILITIES:
Tax compliance and providing advice and support to Asset Solutions legal entities in Europe and Africa, relating to VAT and employment taxes
Preparation of the UK group VAT return
Manage input, output and control VAT accounts
Monthly VAT netting process
Monthly balance sheet reconciliations
Review and approve VAT treatment of new contracts
Manage and work with advisors to ensure overseas tax returns are submitted
Work with customs team to ensure PIVA, C79 and deferment duty are correctly accounted for
Review and approve expenses which have non-recoverable VAT
Review and approve CIS returns
Review and approve IR35 assessments
Review and approve sub-contractors to comply with Facilitation of Tax Evasion rules
Approve relocation expenditure in accordance with HMRC guidance and collate for inclusion in P11D/PSA submissionsAssist with employment tax queries from the business
Keep the business up to date with developments in tax legislation and government initiatives
Review and assess processes regarding VAT compliance and reporting, implementing improvements where possible.
Liaison with tax advisors as appropriate
The above is an outline of key duties and accountabilities, rather than an exclusive or exhaustive list of responsibilities. The postholder is expected to undertake any tasks which may reasonably be expected within the scope of the position.
ESSENTIAL QUALIFICATIONS AND SKILLS:
Professional qualification in accounting or tax, ICAS/ACCA/CTA/ATT
Good general UK tax knowledge
Good working knowledge of VAT
Strong organisational capabilities
Good judgement and decision making skills
Strong communication skills and a strong team player
Ability to work under pressure
Excellent analytical skills and the ability to meet deadlines through planning, organisation and persistence
Responsible for the design and implementation of new processes to ensure effective and consistent controls are in place, using Oracle as a platform to improve our tax information systems
High level of computer literacy particularly with Excel
At least post-qualifying experience within the profession or industry (UK and international)
Preference for oil services corporate experience
Financial reporting accounting experience
* Experience in preparing UK VAT returns and computations
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