Operations Product Tax Specialist - Peterborough, United Kingdom - Diligenta

Diligenta
Diligenta
Verified Company
Peterborough, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

Salary:
From £18613 -£23266


Who are Diligenta?:

Diligenta's vision is to be acknowledged as Best in-class Platform based Life and Pensions Administration Service provider. Customer service is at the heart of everything we do and our aim is to transform our clients' operations.

A business that has been described as 'home' by existing employees, we drive a culture that is founded on positive change and development.


You'll be:


  • Checking daily RTI reporting for Phoenix and Aviva and arrange correction the same day for any files rejected by HMRC, to ensure same day resubmission to avoid HMRC penalties for late reporting
  • Reconciling daily and monthly the amount to be paid to HMRC by strict monthly deadlines for Phoenix and Aviva accounts. Investigate and resolve any discrepancies to ensure correct payments are made on behalf of both clients.
  • Doing daily RTR reporting for Phoenix and arrange correction the same day for any fields rejected by the Eire Revenue, reconcile and investigate and resolve any discrepancies to ensure correct payments are paid to the Eire Revenue.
  • Preparing claims to deadline for pension tax relief in respect of personal pensions, stakeholder and FSAVC contracts, monthly and annually, to ensure reimbursement to Phoenix is timely.
  • Checking PAYE returns prior to submission to HMRC. Undertake audits of PAYE processes and provide relevant feedback to management.
  • Liaise with HMRC and external clients regarding all claims, to agree satisfactory outcomes in relation to any money owed to or by clients.
  • Completing all regulatory HMRC reporting for Phoenix within deadlines to avoid penalties and ensure maintenance of excellent HMRC relationship, including: Year End activities, Annual COM100, Chargeable Event Reporting, Event Reporting, ISA returns, quarterly Accounting for Tax, FATCA, HMRC statistical returns, Pension Savings Certificates, Pension Scheme Returns, IOM annual return, IOM annual Tax Tapes, Austrian Fire and Insurance Tax and Irish Return of Payments.
  • Sample check to identify and correct any errors prior to submission to avoid inaccurate reporting and potential penalties.
  • Undertaking preparation for annual HMRC/Phoenix audit and respond to any HMRC/Phoenix queries.
  • Handling all tax referrals for guidance from Phoenix and Aviva Operations areas.
  • Investigating and correct any tax incidents for Phoenix account and give guidance for Aviva incident teams.
  • Completing all regulatory tax reporting for Guernsey, Jersey and Isle of Man tax authorities on a monthly, quarterly and annual basis by the deadlines to avoid penalties.
  • Have an excellent understanding of taxation in relation to pensions, both UK and nonUK
  • Have an excellent mathematical skills, working with large numbers and spreadsheet
  • Strong Excel
  • Ability to reconcile taxation reporting
  • Understanding of Phoenix products, particularly in relation to taxation
  • Ability to spot errors within automated bancs reports and ability to investigate and resolve
  • Good verbal skills to explain complex tax information clearly and simply
  • Methodical approach to record keeping for audit and investigation/incident resolution
  • Willingness to log on in evenings when issues have occurred with RTI, to ensure resolved the same day to avoid HMRC and Eire revenue penalties

The Perks:


  • 25 days holidays + 8 bank holidays
  • Car Allowance
  • Free parking, onsite gym and restaurant
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