Senior Tax Administrator

  • Post Date: October 13, 2022
  • Isle of Man
Job Description

The provision of tax services for a portfolio of fiduciary clients which will include the completion of Income and corporation tax returns, and responding to tax queries.

Role Responsibilities:
– Preparation and assistance with UK and Guernsey tax reporting requirements for trusts and companies, including:
– UK corporation tax returns for Non UK resident landlord companies.
– UK Non-resident Capital gains tax returns for trusts
– IHT accounts and returns in respect of ten year anniversaries and capital exit charges
– ATED returns for non-UK resident companies
– Guernsey Income Tax returns
– Prepare calculations of quarterly instalment payments for UK corporation tax for relevant companies.
– Review UK property holding companies to identify if ATED returns required and if any relief is available based on the activity of the company
– Review of trust and company accounts to ascertain the tax position of the entity and the reporting required in the relevant jurisdictions. Provide tax figures for accounts where required.
– Review companies to identify their tax resident jurisdiction, and where appropriate perform a review of the company’s activities to identify relevant activities for Guernsey tax reporting purposes.
– Preparation of correspondence with settlors and beneficiaries regarding their tax reporting requirements in the UK based on their tax residence and domicile.
– Liaison with other departments within the group, and respond to tax queries from administrators
– Review and understand tax advice to ensure that it is implemented correctly
– Provide assistance with the preparation of taxation fee quotes and in the quarterly billing process for all departmental clients
– Provide assistance and training for junior members of staff to develop their working practices and procedures.
– Identify trusts that have a Protected status and ensure that the trustees are aware of issues that may taint the trust on an ongoing basis.
– Prepare detailed calculations of the Relevant Income, Offshore Income Gains and Stockpiled Gains of trust structures

Skills & Experience Required:
– Educated to a minimum of A level standard, or equivalent
– Minimum of 3/5 years relevant experience
– Obtained a relevant tax qualification such as ATT or CTA
– Good communication skills
– Good numeracy and computer skills
– A positive ‘can do’ attitude together with the ability to work to deadlines
– Good team player