UK Taxation/ Management Accountant

UK Corporation Tax: Roles and Responsibilities

Corporation Tax Compliance

• Prepare and review corporation tax computations in line with UK tax legislation.
• Ensure timely and accurate filing of Corporation Tax Returns (CT600) with HMRC.
• Maintain documentation to support tax positions and filings.

Tax Planning and Advisory

• Advise on tax-efficient structuring of business transactions and corporate activities.
• Identify opportunities for tax reliefs, allowances (e.g., R&D tax credits), and incentives.
• Support management with tax impact analysis on business decisions.

Tax Accounting and Reporting

• Calculate current and deferred tax provisions in accordance with accounting standards (e.g., IAS 12 or FRS 102).
• Assist in preparation of tax disclosures in the financial statements.
• Reconcile tax provisions with corporation tax returns and cash tax payments.

Liaison with HMRC and Tax Authorities

• Manage correspondence and communication with HMRC regarding tax queries, investigations, or audits.
• Respond to HMRC enquiries and provide supporting information during tax audits.

Intercompany and Transfer Pricing Compliance

• Review and support transfer pricing documentation and policies in compliance with UK and international regulations.
• Advise on cross-border transactions and their tax implications.

Tax Risk Management and Controls

• Identify, assess, and manage tax risks within the organisation.
• Implement and maintain internal controls to ensure compliance with tax laws and regulations.

Collaboration with Other Teams

• Work closely with finance, legal, and external advisors to ensure cohesive tax planning and compliance.
• Support the external audit process related to tax matters.

Keeping Up-to-Date with Tax Legislation

• Monitor changes in UK tax laws and regulations.
• Evaluate the impact of new tax rules on the company and advise management accordingly.

Tax Payments and Cash Flow Management

• Manage corporation tax payment schedules and instalments to ensure timely payments.
• Forecast tax cash flows as part of broader financial planning.