Location: Leeds or London
The Bank of England is the UK’s central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation. Each of its c.5,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.
The Finance & Performance Directorate plays a critical role in protecting the Bank’s financial position and reputation. The overall purpose of the Directorate is to contribute to the successful execution of the Bank’s aims and objectives by ensuring it has an appropriate financial platform for its broader responsibilities, and for the challenges facing an organisation of more than 5,000 staff, with annual expenditure of circa £700mn.
The Finance & Performance Directorate has four main Divisions, Financial Reporting & Control, Financial Analytics & Insight, the Corporate Investment Portfolio Office and Finance Strategy.

JOB DESCRIPTION

This role is an exciting opportunity to join a modern dynamic tax team working at the Bank of England.

WE ARE INTERESTED IN HEARING FROM CANDIDATES WHO HAVE THE FOLLOWING CAPABILITIES:

Minimum Criteria

• Chartered Accountant or Chartered Tax Advisor Qualification (UK Qualified)
• Experience of UK banking tax, ideally with exposure to banking VAT
• Good numerate and a proficient user of Microsoft Excel

Other skills

• Excellent attention to detail
• Good organisational skills with the ability to prioritise work
• Able to work under pressure and to tight deadlines where necessary
• Confident to maintain and develop the good working relationships we have with colleagues in the businesses we support
• Self-motivated and resourceful
• A good team player
• Flexibility and adaptability to work in a fast-paced environment with multiple deliverables and ongoing change
• Alpha tax experience

Additional with experience

• Support the Tax team in providing corporate tax support to group companies: Help, prepare UK corporate tax computations and file returns. In addition, assist with producing tax disclosures for inclusion in their statutory accounts and dealing with tax technical issues as they arise. Help to resolve tax queries from our external auditors, EY.
• Support the review of the Corporation Tax return.
• Support the Bank’s submissions under the US Qualified Intermediary Programme

A DAY IN THE ROLE

Due to the varied nature of the role, there is no such thing as a typical day.
You will be working on VAT Compliance and advisory and providing Tax advisory support to front or back-office functions in the bank.
You will also help to mentor junior colleagues in the team.

ROLE REQUIREMENTS

Responsibilities of the role:

Core

• Preparation and review of the Partial Exemption Special Method and VAT returns
• Provide tax advisory support to the business
• Liaising with HMRC on issues as they arise and timely response to queries.

Additional with experience

• Support the Tax team in providing corporate tax support to group companies: Help, prepare UK corporate tax computations and file returns. In addition, assist with producing tax disclosures for inclusion in their statutory accounts and dealing with tax technical issues as they arise. Help to resolve tax queries from our external auditors, EY.
• Support the review of the Corporation Tax return.
• Support the Bank’s submissions under the US Qualified Intermediary Programme.

HOW THIS ROLE FITS INTO THE WIDER BANK:

This role plays a critical function in the Bank by creating the tax numbers in the annual accounts for the Bank of England and also provides tax advisory to the business functions in the Bank.