Interim Head of Tax (6-9 months)

Summary

Salary
£ Competitive
Team
Finance
Location
Malmesbury - United Kingdom

Description

The Family Office CFO is currently looking for an Interim Head of Tax to head up the existing tax team of four people.

Accountabilities

The role has four main strands to it. The first is the provision of tax advice to the Family Office and the various businesses they operate. The second is overseeing and reviewing the tax compliance and accounting for all companies within the Weybourne Group, partnerships and family members themselves. The compliance activities cover all taxes, including corporate tax, income tax, VAT, employment taxes, and stamp duty. The third is the management of the relationship with HMRC on both the personal side with the HNWU and on the corporate side with the LBS. The fourth is providing people management to the four members of the tax team. The team members vary from tax graduates to experienced tax professionals so previous experience of managing and mentoring people at different stages of their career is preferred. This role reports directly to the CFO. It is envisaged that someone coming in to this role may well have technical knowledge gaps given the wide range of taxes covered therefore the successful candidate must have a desire to broaden their knowledge base and learn about differing taxes to be successful in this role.
The vast majority of the family's business activities are carried out through corporate entities, as such corporate tax experience is essential. Experience of corporate tax aspects of financial investments and commercial property is highly desirable as would any exposure to international tax property is highly desirable as would any exposure to international tax regimes. Project management experience is also preferred as the Family Office carries out a large amount of project work of which most required tax input.
Previous experience of UHNW families is desirable although the tax aspects of this can be developed on the job and through technical training.
Main duties/responsibilities
  • Manage the tax affairs of the Family. The key activity is coordinating tax across all of the diverse businesses and activities. This includes three complementary activity areas: actively managing tax in-house; managing third-party advisors; working closely with the trading group tax function.
  • Manage the UK and US tax position for all the family's directly and indirectly owned corporate entities. Coordinate and lead relationship with HMRC from both a personal tax and corporate tax perspective.
  • Lead on the changes which will affect the group as a result of upcoming tax changes including the BEPS actions. This specifically includes CbCR and the requirement to publish the UK tax strategy.
  • Ensure the timely submission of tax returns and computations of all individuals and entities, directly or using external providers for Family Office entities.
  • Review the tax accounting process and ensure that all entity and consolidated accounts show appropriate tax figures and disclosure, including preparing the Board report.
  • Review the QIP calculations ensuring that they are correct and payments made on time, and manage in year tax provisioning in the wider context.
  • Ensuring the preparation, review and submission of all tax returns and payments prepared by Weybourne is completed on time and in line with a time efficient process.
  • Monitor the tax position of all operations and suggest and implement appropriate actions.
  • Support acquisitions and similar transactions from a tax perspective.
  • Provide support to the CFO on any other matters which may arise
  • Review and draft replies to HMRC queries and enquiries.
  • Communicate the impact of changes in tax legislation and tax accounting to the Board and the family, and identify opportunities which will optimise tax efficiencies.
  • Manage and develop the tax function, supporting the team in continuing to build good internal working relationships and ensuring tax returns and computations are right first time. The management will include, for example, holding regular one-to-ones, providing coaching and conducting twice yearly performance appraisals.
  • Develop a strong working relationship with the property and investments teams (front office in London, back office in Malmesbury) in order to provide timely advice and solutions to challenges which arise.
  • Continue to build and maintain good relationships with third party advisers to ensure that the best advice is being obtained.
  • Commit to developing yourself within your role, undergoing training where necessary.
  • Promote and maintain high standards of work – taking the initiative to resolve or draw attention to areas that don’t meet required standards, or to any issues that arise.
  • Conduct yourself in line with the Weybourne Values. These are loyalty; flexibility; integrity; initiative and courage.

Skills

Technical:
  • ACA/ACCA and/or CTA qualified
  • Significant experience of working with HMRC at a very senior and/or policy level.
  • Excellent tax technical knowledge across the full suite of taxes, and experience of investment companies is desirable.
  • Strong appreciation of how tax fits into the wider business context
  • Ability to understand tax issues and convey the impact to a lay audience.
Behavioural:
  • Tenacious
  • Able to juggle projects simultaneously and deliver projects on time.
  • Effective and diplomatic in dealing with colleagues and departments and with third party advisors
  • Willingness and ability to adapt quickly to new and unfamiliar challenges
  • Flexibility and willingness to tackle anything

Benefits

• 27 days holiday plus eight statutory bank holidays
• Pension scheme
• Performance related bonus
• Life assurance
• Sport centre
• Free on-site parking
• Subsidised café and restaurants
• Discounts on Dyson machines

Posted: 21 December 2018