Tax Accountant
Permanent, Full Time
London, Knightsbridge or Hull, East Riding
We’re looking for a Tax Accountant to join the INEOS Acetyls team. We need highly motivated individuals who want to be part of our growing business.
INEOS Acetyls is a global chemicals business producing acetic acid and a range of derivatives across Europe, Asia and America. We’re part of INEOS - one of the largest petrochemical companies in the world, employing around 26,000 people across 194 sites in 29 countries.
You will be based at either the London or the Hull site, which is the largest producer of acetic acid, acetic anhydride and ethyl acetate in Europe. The products produced are essential building blocks used in almost every industry, including renewable power, automotive, pharmaceuticals, coatings and textiles.
Be part of our journey to net zero
Sustainability is at the heart of our business, and we have created a road map to achieving net zero. We’re investing in this sustainable future right now; you could be part of our journey.
The opportunity
We are looking to secure an appropriately qualified and experienced Tax Accountant to join our Finance Team based in Hull or Knightsbridge. Reporting to our Global Consolidation Manager, the successful candidate will take ownership of tax compliance for direct, indirect and WHT submission for INEOS Acetyls UK entities adhering to tax regulations and overriding principles set by INEOS Acetyls and INEOS Group.
If you thrive on a challenge and are prepared to push yourself, then INEOS’ open and non-hierarchical approach to business will give you the opportunity to quickly develop your career. We value daily collaboration and teamwork, reaping the benefits of working on site/office based.
Main Accountabilities
- Prepare and file periodic indirect tax returns including VAT, Instrastat and EC sales lists where applicable which will involve the support and subsequent management of third party indirect tax compliance partners particularity for non UK jurisdictions.
- Ensure all VAT payments are reviewed and processed on time.
- Forecast and clearly communicate tax receipts and payments accurately to the cash forecasting team.
- Investigate and provide analysis of tax returns when required to explain movement of actual results and forecast future tax impacts, including budget.
- Complete the tax pack from Group Tax team to support the annual filing, tax computation, and tax provision for the UK entities.
- Complete of the direct tax computation for the statutory report of the UK entities, advising on technical matters including capital allowance and drafting the tax disclosures.
- Prepare, liaise, and submit with the local finance teams the withholding tax computations for the dividends from the JV entities.
- Assist in the implementation of transfer pricing policies.
- Lead internal and external tax requests, including audits, ensuring data provided reconciles to SAP.
- Seek opportunities to improve tax efficiency of the business unit through up-to-date tax knowledge and liaising with Group tax, providing advice and guidance to the business as required.
- Work with other functions to provide information, share knowledge and understanding of data as and when required.
- Periodically perform other financial duties, projects and activities as required by the business.
What we offer
- Competitive salary
- Discretionary annual bonus plan
- Generous contributory pension
- Life assurance
- 25 days annual leave, plus bank holidays with option to buy extra annual leave and flex 5 of these bank holidays
- Ongoing career development
- Wide range of benefits including discounted private medical insurance, health cash plans and high street discounts
- Enhanced maternity and paternity leave
- Free on-site gym will launch soon in Hull
- Online health and fitness hub for employees, plus friends and family
- Employee Assistance Programme offering a wide range of support services including counselling, financial support, legal services – for employees and family.
- Cycle to Work Scheme
- Volunteering opportunities
About you
Ideally, you will be a fully qualified ACA/ACCA/CTA with substantial post-qualification experience, or equivalent Bachelors’ degree or designation with practical financial accounts experience. The role requires a sound technical accounting knowledge and strong understanding of the UK tax rules, to be capable of applying the understanding and knowledge in daily compliance and reporting activities.
Along with technical expertise, the ability to influence workflow within a team without direct report line relationship will prove essential. We are a global business, so you'll need to coordinate input from our different finance teams in Europe and Asia. Strong written and verbal communication skills for interaction with internal and external stakeholders is required - expertly managing cultural differences in a minimally structured environment.