KPMG India | Assistant Manager-Insurance Premium Tax

Roles & responsibilities

• Prepare and review UK VAT returns for financial service and real estate clients.
• Ensure accurate treatment of standard rated, reduced rated , zero rated and exempt transactions.
• Review VAT adjustments including partial exemption calculations, capital goods scheme adjustments (CGS) and reverse charge transactions.
• Validate data extracted from ERP systems and reconcile VAT returns to general ledger balances.
• Support timely filings of VAT returns and compliance with HMRC requirements.
• Support client with Making Tax digital (MTD) compliance process.
• Identify and implement process improvements to ensure Indirect Tax compliance is handled efficiently and cost-effectively.
• Support internal stakeholders on Indirect Tax questions, ensuring a clear understanding of tax implications for business transactions.
• Provide guidance and mentorship to team members on Indirect Tax issues and procedures.
• Assist in training internal teams on Indirect Tax compliance and best practices.
• Assist in preparing Indirect Tax reconciliations and regular clearance of open items.
• Support ad-hoc Tax projects or corporate restructuring efforts as required.

Requirements

• Additional qualifications such as CA or equivalent certifications are preferred.
• In-depth understanding of Indirect Tax laws and regulations, including VAT, GST, sales tax, and accounting.
• Working experience with Indirect Tax APAC/ EMEA region and knowledge around IPT is an advantage.

KPMG in India

KPMG is one of the Big Four professional services networks, offering audit, tax and advisory services. The global network was formed in 1987 through the merger of Peat Marwick International and Klynveld Main Goerdeler.

KPMG in India and KPMG Global Services hire chartered accountants and finance professionals for statutory and internal audit, controls and risk advisory, tax, deal advisory and managed-services roles.

• Industry: Audit, tax and advisory (Big Four)
• In India: KPMG in India and KPMG Global Services, with offices across major cities