This FTSE listed FinTech is recruiting for a Operations Tax Associate to join their established tax team based in London. The business helps their customers and clients trade stocks & shares, leveraged products, futures & options and cypto online and have responsibility for managing their international operational tax obligations. This is becoming an area of increasing complexity as the group and new tax laws are rolled out, which is why a new role has been created within the team.
The role will primarily be focused on Operational (client) tax compliance and will involve:
- Assisting with US withholding tax obligations relating to the group's Qualified Intermediary (QI) and Qualified Derivatives Dealer (QDD) statuses. This role will involve ensuring the correct KYC processes are in place to then prepare Group-wide tax calculations, payments and returns for all QDD and QI-related matters (Form 1042, Form 1042-S, Form 1099, Form 945, Form 7004, Form 8809 and 871m payments).
- Assisting with Group-wide AEOI reporting obligations (FATCA/CRS). The role will involve extracting and cleansing client trading data to report to the tax authorities. You will also have to liaise with local stakeholders.
- Preparing monthly/annual tax calculations, payments and tax returns to the Italian authorities. This includes a) Financial Transaction Taxes, b) Capital Gains Tax and c) Wealth tax
- Preparing UK ISA and Other Interest returns to HMRC.
- Becoming familiar with the German withholding tax rules. Assisting in issuing German tax statements to clients annually, ensuring compliance with changing tax rules.
- Ensuring correct documentation from a customer perspective is in place for all the above whilst continuously reviewing and maintaining current processes and procedures
- Assisting with ad-hoc projects and implementation of business initiatives where required including the operational tax implications of launching new financial products and setting up new business overseas. This includes liaising with local advisers to pitch requirements to businesses.
- Liaising with IT and Front Office teams to build systems/solutions to capture relevant logic to calculate operational taxes such as FTT or CGT
The ideal candidate will have some prior Operational Tax experience (a minimum of 2-3 years within Operational Tax). Knowledge of FATCA/CRS/QI regimes is desirable but not compulsory. The candidate will need to be prepared to take on a broad operational tax focused role, it is understood that no-one at this level is likely to have experience across all the areas highlighted above and so it is important the candidate can demonstrate a willingness to learn, and the ability to pick things up quickly. You will need to have strong analytical skills - with a natural curiosity and confidence to question and dig deeper if information does not make sense.
