Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.
We design, build, manage, and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.
Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
Job Title: Tax Accountant
Key Responsibilities:
1. Tax compliance and providing advice and support to Asset Solutions legal entities in Europe and Africa, relating to VAT and employment taxes.
2. Preparation of the UK group VAT return.
3. Manage input, output and control VAT accounts.
4. Monthly VAT netting process.
5. Monthly balance sheet reconciliations.
6. Review and approve VAT treatment of new contracts.
7. Manage and work with advisors to ensure overseas tax returns are submitted.
8. Work with customs team to ensure PIVA, C79, and deferment duty are correctly accounted for.
9. Review and approve expenses which have non-recoverable VAT.
10. Review and approve CIS returns.
11. Review and approve IR35 assessments.
12. Review and approve sub-contractors to comply with Facilitation of Tax Evasion rules.
13. Approve relocation expenditure in accordance with HMRC guidance and collate for inclusion in P11D/PSA submissions.
14. Assist with employment tax queries from the business.
15. Keep the business up to date with developments in tax legislation and government initiatives.
16. Review and assess processes regarding VAT compliance and reporting, implementing improvements where possible.
17. Liaison with tax advisors as appropriate.
18. The above is an outline of key duties and accountabilities, rather than an exclusive or exhaustive list of responsibilities. The postholder is expected to undertake any tasks which may reasonably be expected within the scope of the position.
Essential Qualifications and Skills:
1. Professional qualification in accounting or tax, ICAS/ACCA/CTA/ATT.
2. Good general UK tax knowledge.
3. Good working knowledge of VAT.
4. Strong organisational capabilities.
5. Good judgement and decision-making skills.
6. Strong communication skills and a strong team player.
7. Ability to work under pressure.
8. Excellent analytical skills and the ability to meet deadlines through planning, organisation, and persistence.
9. Responsible for the design and implementation of new processes to ensure effective and consistent controls are in place, using Oracle as a platform to improve our tax information systems.
10. High level of computer literacy, particularly with Excel.
11. At least post-qualifying experience within the profession or industry (UK and international).
12. Preference for oil services corporate experience.
13. Financial reporting accounting experience.
14. Experience in preparing UK VAT returns and computations.
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