Tax advisers can work in compliance, ensuring a client meets all tax obligations by preparing and submitting tax returns, tax computations and any other necessary forms. Alternatively, they may work in consultancy, advising clients on how to minimise their tax liabilities.
The work of a tax adviser depends on the nature and size of the employer. Larger accountancy firms tend to adopt a structure that permits greater specialisation, whereas in smaller companies, the work may be more varied.
Initially, a graduate within a tax advisory role might focus on compliance activities, for example, completing tax returns and calculating the amount payable, with movement towards consultancy and specialisation as their career develops.
Typical areas of activity include:
researching, analysing and interpreting changing tax legislation in both the UK and overseas
meeting with clients and collating information
working with tax law and revenue provisions
preparing and submitting compliance (tax) returns by the deadline
liaising and negotiating with HM Revenue & Customs (HMRC) on behalf of the client
providing consultancy services to high value private clients
creating tax strategies for clients and planning their financial futures
carrying out detailed computations to calculate tax liability and advising on how to minimise a client's liability
establishing and structuring family trusts
estate planning and advising on tax residence and domicile matters
providing guidance on indirect taxation issues such as VAT, customs planning and environmental taxes
producing reports and presentations for clients.
About the recuiterMember since May 20, 2018 Akash Gupta
from Tamil Nadu, India