Our indirect tax professionals work with companies in the UK which trade in goods or services nationally and internationally. We advise clients on how indirect taxes such as value-added tax (VAT) impinge on their activities, supply chains, and financial and accounting systems. We identify and address areas of risk, inform clients of the taxation implications of local or international trade and assist them in complying with other requirements such as customs regulations. Working in Indirect Tax, you'll gain broad experience of industries and jurisdictions and receive the support you need to become an effective tax professional.
What will my day be like working in Indirect Tax?
As the importance and complexity of indirect taxes continues to grow, organisations look to us to help them with increasing levels of regulation, legislation and business risk. Our indirect tax professionals work with a wide diversity of businesses and during your training contract you will be given the opportunity to advise on many aspects of indirect taxation. You'll be talking directly with clients and developing both your client relationship and tax technical skills in relation to taxes on consumption, manufacture and trade: mainly VAT, but also customs duties, excise duties, Insurance Premium Tax, Air Passenger Duty and a range of environmental taxes. You'll also be dealing with HM Revenue & Customs, other government departments and the EU Commission on behalf of our clients.
What training and development will I receive in my first few years?
Our three-year Indirect Tax programme combines on-the-job experience with technical training courses in personal excellence and study for professional qualifications.
Unless you are based in one of our offices in Scotland, you will study for the joint qualification offered by the Institute of Chartered Accountants in England & Wales (ICAEW) and the Chartered Institute of Taxation, and on successful completion of your professional exams will have earned not only a Chartered Accountancy qualification but also the CIOT's CTA qualification. Trainees in Scotland will follow a similar programme but will sit exams offered by the Institute of Chartered Accountants of Scotland (ICAS) as well as those set by the CIOT.
What opportunities will Indirect Tax open up?
Once you become a fully qualified indirect tax advisor, you'll build up your own client portfolio and become the established client contact on a range of assignments. There will be a good deal of consultancy work: reviewing clients' VAT structures; negotiating with HM Revenue & Customs; offering strategic pointers to clients starting new ventures; advising them on the indirect tax implications of significant business changes; and helping them manage their VAT operations.
A number of our people have been seconded to one of our international offices – including Chicago, New York and San Jose – and to clients' firms.
What are my options when I apply?
From the outset of your tax career with Indirect Tax you will have the opportunity to either specialise in our UK & Ireland Financial Services team or work with a broader portfolio of clients across various industry sectors through our UK & Ireland practice.
The entry requirements for Indirect Tax are:
Please note: in exceptional circumstances we will accept applications from candidates who do not meet our academic requirements. If this is your case, you will need to provide strong justification for why we should consider your application. You will also need to provide documentary evidence of any mitigating circumstances.