Indirect Tax Return Analyst
Context/Scope
The DBS is a multi functional shared service centre that will handle DIAGEO - wide transactions across the world. The processes in scope are:
· Cash Cycle (Order to Cash)
· Purchase to Pay
· Record to Report
The DBS will develop and grow rapidly effecting massive change to working practices for in-market companies, therefore will play a key role in ensuring that this change is managed effectively with minimum disruption to the core business of DIAGEO around the world. DBS is a multicultural, multi-language environment.
The Indirect Tax function within DBS contains shared service-type of activities performed for various members of the Diageo Group (preparation of indirect tax returns, including VAT, duties and other small taxes such as green tax as well as preparation of EC Sales Listings and other statistical reports, such as Intrastat), but also has extensive responsibilities around tax compliance and is heavily involved in the delivery of the Group ITT’s value add agenda.
Dimensions of the role
a) Financial
Current process and geographic scope covers reporting for business units with overall sales of more than £5bn (>50% of Diageo Group). The VAT throughput is in the region of £1 Billion.
b) Market Complexity
Activities cover the entire Diageo trading chain from Supply through Brand Owners to In-Market Companies serviced from DBS as well as Corporate entities.
Purpose of Role
Indirect Tax Returns Analyst has to prepare indirect tax returns and other financial and statistical reports based on given checklists and task notes by keeping deadlines and complying with market specifications and regulatory requirements. Indirect Tax Returns Analyst support Senior Indirect Tax Return Analyst and Team Leader by preparing statutory returns, analysis and replying to ad-hoc queries and also contributes his / her ideas, energy, enthusiasm and support to the continuous improvement of the indirect tax compliance processes.
Top Accountabilities
- Prepares the statutory returns assigned accurately and on time
- Responsible for the submission of the statutory returns to the appropriate authorities (e.g. VAT, duties, green tax, Intrastat, EC Sales List and other statutory reporting, without incurring penalties on behalf of the Group).
- Responsible for obtaining the sign off on the returns by the relevant person and ensures that the payments are initiated and followed up with the outsourced service provider on time.
- Responsible for Balance Sheet reconciliations are prepared on time and in a CARM and SAO compliant way.
- Follows-up aged or unreconicled items identified during Balance Sheets reconciliation
- Proactively seeks for process improvement opportunities and advise his / her Line Manager on any non-compliance
- Responsible for holding Indirect Tax training to DBS and 3rd part service provider
- To participate and contribute to the success of month-end close by executing tasks accurately and according to the timetable.
- Provides support for the Senior Statutory Returns Analyst and Team Leader on Indirect Tax-related queries and specific projects.
- Regularly informs Senior Indirect Tax Return Analyst and Team Leader on daily issues.
Qualifications and experience required
Graduate in finance or accounting with at least half or one year experience in either a Big 4 role or a similar in-house role within a large organisation. Alternatively, the person has the necessary level of technical knowledge for producing a result of a minimum or 50% at medium level quizzes.
- Experience in working with integrated software system (SAP) is an advantage
- Fluency in English, able to effectively communicate
- Good numerical skills
- Reliable, consistent, detail-focussed
- Able to keep strict deadlines
- Able to work under time pressure
- Customer focussed, able to build excellent relationship with relevant stakeholders.
Indirect Tax Return Analyst
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