Tax Manager

Hours: 36

Salary: Competitive

Location: Shire Park, Kestral Way, Welwyn Garden City AL7 1GA

United Kingdom

Apply by: 12/11/2021


Tax Manager

Shire Park, Kestral Way, Welwyn Garden City AL7 1GA

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About the role

Tesco PLC is one of the largest retailers in the world with over 300 companies trading in five markets. Listed on the London Stock Exchange, group turnover was £53bn (excluding fuel) for our financial year to 25 February 2021, with £1.8bn adjusted operating profit and a team of more than 360,000 colleagues dedicated to bringing best value, choice and service to our customers.

We have an unrivalled family of brands, a growing network of convenience stores and large stores as well as offering online shopping, Booker, F&F clothing, Tesco Mobile and Tesco Bank.

Our operations in the UK & Ireland are the largest in the Group with over 3,500 stores and 300,000 colleagues. Our international operations are organised regionally in Central Europe (Czech Republic, Hungary and Slovakia), and we have joint ventures in India.

We are a significant tax payer, in 2021 we collected and paid in excess of £5.2bn across a number of taxes.

Our Tax Team

Headed by our Group Tax Director, we have a team over 20 colleagues based in our UK head office, as well as over 30 colleagues across our international markets.

Reporting to the the Head of Direct Tax, the Tax Manager will be a key member of the direct tax team at Tesco. You will play a key role in running the group’s direct tax affairs, in particular, business partnering with key group functions and business units to ensure the direct tax consequences of transactions are properly considered in real time, working in conjunction with our outsource partners to ensure the group is compliant across direct taxes, dealing with HMRC enquires, providing input into business plans and projects and supporting on tax reporting matters.

You will be responsible for

  • Working in conjunction with our outsource partners to deliver accurate and timely direct tax return filings across the group.
  • Identifying, recording and managing material direct tax risks, with a particular focus on the UK as our largest market, providing information as well as support into our group tax reporting process.
  • Contributing to Tesco’s Key Financial Control and UK Sox environment, including defining, testing and improving controls as they relate to direct taxes
  • Working in conjunction with our outsource partners to utilise technology advances in order to drive process and delivery improvements to all areas which are required to fulfil our direct tax compliance obligations.
  • Effective business partnering, both with finance and the commercial teams; providing direct tax input into the businesses’ projects and plans.
  • Maintaining and developing our ongoing relationship with HMRC on direct tax matters, responding to HMRC enquiries and working in real time with HMRC where possible.
  • Identifying and delivering value to the Group on claims and tax incentives within the commercial context of the group, ensuring the accounting for these incentives is understood.

Communication of tax matters

  • Be a key member of the Direct Tax team and able to work across both peer group and team effectively.
  • Working with the Head of Direct Tax to brief the Group Tax Director, as well as our senior finance community on material direct tax matters.
  • Collaborating closely with and advising other areas within the head office functions on direct tax matters.
  • Maintaining and building relationships with external tax advisors in the main markets in which the group operates.

You will need

  • Good knowledge of UK corporate tax matters in the context of a large group environment. An awareness of international tax issues would be advantageous but is not essential.
  • Analytical and agile mind with an eye to detail – methodical with the ability to analyse alternative possible outcomes to similar (but crucially different) scenarios.
  • Ability to research and debate with colleagues technically complex areas (including the ability/confidence to challenge more senior members of the team / advisors);
  • Experience of working within a tax team of a large UK head quartered group or in a big 4 advisory role within the profession to UK plc clients, demonstrates a desire to actively integrate into the business;
  • Qualified accountant and, or, Chartered Institute of Tax qualification.
  • Working knowledge of UK plc tax accounting and reporting as it applies to direct tax matters, including knowledge of both IFRS and FRS101 and 102.
  • Must have good interpersonal skills and experience in working in a multi-cultural environment to build working relationships with finance teams, external advisers, tax authorities and across the tax team.
  • Self starter, and ability to work on one’s own – yet strong teammate;

What’s in it for you

We offer excellent benefits that help make Tesco a great place to work.  These include but aren’t limited to:

  • Annual bonus scheme
  • Holiday starting at 25 days plus a personal day (plus 8 Bank holidays)
  • On-site state of the art gym at our Welwyn Campus with discounted “Gympass” membership & free health checks via Nuffield Health
  • Retirement savings plan - save between 4% and 7.5% and Tesco will match your contribution
  • Life Assurance - 5 x contractual pay
  • Share Schemes – Join our ‘Buy As You Earn’ & ‘Save As You Earn’ share schemes after 3 months service
  • Colleague Clubcard (including a 2nd card for a family member) after 3 months service
  • Colleague Discounts:
    • 10% increasing to 15% after every pay day for a four day period, off most purchases at Tesco
    • 10% off One Stop
    • 10% off pay monthly & SIM only deals with Tesco Mobile
    • 20% off all F&F purchases
    • 20% off car, pet and home insurance at Tesco bank. T&C’s apply
    • 25% off Tesco Café
    • 50% off complete glasses purchases & free eye tests (other offers available) at Vision Express
    • 50% off health checks at Tesco Pharmacy
  • An exclusive deals and discounts website saving you money on everyday purchases, treats for the family, eating out and utility bills for the home
  • Cycle to work scheme
  • Shuttle Bus Service to/from Welwyn Garden City Station to Welwyn Campus
  • Opportunities to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want
  • Our Employee Assistance Programme helps you deal with life’s challenges
  • Financial wellness - Tesco has partnered with experts to help you make the most of your money
  • Get involved in a range of fundraising activities with our long-term charity partners

About us

Our vision here at Tesco is to become every customer's favourite way to shop, whether they are at home or out on the move.  Our core purpose is ‘Serving Britain's shoppers a little better every day’.  Our business was built with a simple mission – to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn't changed. Customers want great products at great value which they can buy easily and it's our job to deliver this in the right way for them.  In the UK, we serve some 66 shoppers every second, so it's our goal to ensure every one of those customers experiences just a little better service on each visit.
 
We are proud to have an inclusive culture at Tesco where everyone truly feels able to be themselves. At Tesco, we not only celebrate diversity, but recognise the value and opportunity it brings to enable us to serve our shoppers a little better every day. We're committed to creating a workplace where differences are valued, and make sure that all colleagues are given the same opportunities.  We're a big business with diverse working patterns and many business areas which means that we can find something that works for you.  Everyone is welcome at Tesco.
 
It remains that Shire Park is our central location for Head Office teams. We have recently announced that we will be moving towards a more blended working week – combining office and remote working.  Our base will be the office, where we connect, collaborate and innovate – and there will be the expectation for everyone to be in the office more often than not. For Head Office roles we therefore expect colleagues to spend a proportion of their time at our offices in Shire Park.

We are supportive of colleagues having conversations with hiring managers about what office presence will look like in the context of the role.

NOTE: Should you be successful in your application, your offer will be subject to and conditional upon you providing your bank account details on your agreed start date.

Application process

Our office application process varies depending on the role and the level of experience needed.

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