ABF VAT Accountant - 6 to 9 Month FIxed Term Contract
The ABF VAT Accountant roles is based in the UK but is part of ABF Finance in NL. The role has a dotted line into the UK Tax Team and supports UK VAT compliance activity.
The ABF VAT Accountant’s primary responsibility is for preparation of the UK Quarterly VAT Return for ABF, UK branch which includes Leasing and Commercial Finance business lines
Place in the organisation
The ABF VAT Accountant role sits within ABF Finance, NL, with a dotted line into UK Tax (part of the UK Finance function and reporting into the UK, CFO).
The job holder will work closely with other accounting team members in ABF Finance NL and colleagues in the UK Tax function as well as colleagues in other functions as dictated by the requirements of the role.
Overview of the department (dotted line reporting into UK Tax)
The main objective of the ABF Finance, NL team is accurate reporting and data provision to all relevant stakeholders (AAB Group Finance, Finance NL, Group and Local Tax).
The responsibilities of the UK Tax function are broad due to the varied business lines and ABN AMRO UK being part of a wider international group.
The principal activities of the UK Tax function are as follows:
- The UK tax function has responsibility for accurate and timely filings and payments for compliance and reporting responsibilites in relation to Corporation Tax, VAT, WHT, PSA, stamp duty, transfer pricing, ad hoc employment tax advice, AEOI and BBSI reporting requirements
- The UK tax function proactively advises and assists all UK business lines in relation to tax matters, as required
- The UK tax function ensures that the UK operates within the Group’s tax risk appetite and that a transparent, open relationship is maintained with HMRC
- The UK tax function builds and maintains strong relationships with Group Tax and UK business lines
Perform the ABF VAT Accountant role in an efficient and controlled manner by:
• Preparing the ABF, UK branch VAT return by extracting data from various IT applications, verifying the data, analysing transactions by applying UK VAT rules
• Conducting product, fees/charges, transactional reviews by following internal SOPs and HMRC VAT compliance guidance
• Ensuring adequate record retention and compliance with HMRC documentation and process requirements to include reviewing/addressing any changes in the data supplied for VAT Return purposes both driven by changes in IT applications and in the business
• Active participation in ongoing MTD process and systems refinements as required
• Maintaining up to date documentation of VAT processes, as required, via SOPs, process notes, checklists etc
• Ensuring compliance with all relevant Internal Control requirements and identifying improvements, where required
• Initiating and implement improvements in relation to the VAT return preparation process
• Supporting the UK Tax team with ad hoc VAT advisory requests
• Providing VAT training to other ABF teams including Accounts Payable, Sales Support, FR&R etc
• Building and maintaining strong relationships with ABF Finance and the UK Tax function
• Providing support on non-UK VAT related compliance tasks e.g. PAYE Settlement Agreement analysis
ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.
At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.
Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.
We concentrate on our three strategic pillars:
- Support our clients transition to sustainability
- Reinvent the customer experience
- Build a future-proof bank
Our strategy requires a culture of working together and permanent learning. It's only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO's culture is the catalyst for the evolution in which we find ourselves: our people are imaginative, trust each other and do just that little bit extra to help clients.
ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:
- Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets - Sales & Trading and Financial Institutions
- Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services
Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 people in the UK.
• ACA (or equivalent) or CTA (part or fully) qualified tax professional
• Experience in preparation/oversight of UK VAT returns and providing ad hoc VAT advice on a range of topics.
• Strong quantitative and qualitative analytical skills.
• Proficiency in SAP and Microsoft Office applications and, in particular, Excel.
• Quick learner and ability to work in agile manner
• Strong organisational skills.
• Experience of managing a wide range of stakeholders.
• Strong written and verbal communication skills
• Working knowledge of Partial Exemption Special Methods as relates to Financial Services (ideally banking) is desirable
• Financial Services (ideally banking and in particular asset leasing and commercial finance) exposure is desirable
Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.
Are you interested? Please apply via the button below.
For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.