VAT Accountant Job Description
VAT accountant
provides basic VAT related advice and support to finance operations and sales teams for each European country (mainly Germany, Italy, France and UK); advise on VAT implications of new business activities such as new customer or supplier programs.
VAT Accountant Duties & Responsibilities
To write an effective VAT accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included VAT accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist in gathering necessary backup support documentation for VAT reporting, request VAT invoice revisions and VAT invoice credits as necessary
Manage the preparation of complex / high volume VAT declarations from beginning to end, including data collection, preparation in accordance with the filing protocol, submission, payment, and upload in the VAT filing dashboard
Ensure that VAT accounting accounts are correct and reconciled with the other relevant data, such as VAT declarations, P&L, and intrastat filings
Complete all VAT related accounting activities upon which VAT returns depend, including control checks of transaction data and review of supporting tax documentation to identify any errors or anomalies
VAT computations and VAT compliance for our internal client
Perform VAT accounts reconciliation and VAT analysis
Complete VAT related accounting activities upon which VAT returns depend, including control checks of transaction data and review of supporting tax documentation to identify any errors or anomalies
To maintain and calculate the UK Group VAT liability in accordance with legal requirements, and produce the UK VAT Return for submission to HMRC
To ensure that the Periodic VAT journals are uploaded to GL on a timely basis, and that a robust control environment exists around the Management Accounts VAT process
Full responsibility for VAT Returns (and supplementary forms Intrastat) for all the EMEA Companies
VAT Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for VAT Accountant
Typically a job would require a certain level of education.
Employers hiring for the VAT accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Economics, Education, Finance/Accounting, Management, Law, Accountancy, Business, Legal
Skills for VAT Accountant
Desired skills for VAT accountant include:
Finance systems
MS Office
Microsoft Office applications
VAT
Financial services marketplace
France
Germany
Italy
Luxembourg and Turkey
Netherlands
Desired experience for VAT accountant includes:
Other administrative tasks (ie
Accountancy or tax qualification (CTA, ATT, CIMA)
Your accounting knowledge will encompass double entry book keeping, reconciliations, Profit & Loss, balance sheet
Manage the preparation of intrastat declarations from beginning to end, including data collection, preparation in accordance with the filing protocol, submission, and upload in the VAT filing dashboard
Affinity for ICT / working with different software
Service / customer oriented
VAT Accountant Examples
1
VAT Accountant Job Description
Job Description Example
Our company is looking to fill the role of VAT accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for VAT accountant
- Perform VAT balance sheet accounts analysis
- Support Group Tax with the global VAT projects
- Process Owner for VAT accounting
- Preparation of journaling, reconciliations, reporting, analysis and documentation in relation to responsibilities of the Accountant GL VAT
- Determine VAT rates for new products to be sold in UK and Europe
- Regular review of VAT rates across our large portfolio of products to ensure compliance in the UK and Europe
- Recommend and execute improvements to VAT accounting procedures
- Monitoring the accuracy of AP and AR entries related to VAT
- Ensure that VAT and other indirect tax is applied, booked and paid according to local guidelines
- At least 1 year previous experience in Accounting with focus on VAT
Qualifications for VAT accountant
- Ability to work independently and with deadlines
- Excellence in English both verbal and written, additional second language is preferred
- HBO / University level in tax, legal or accounting
- Minimal 2-3 years relevant working experience
- Minimum experience of 3 to 5 years relevant working experience within a multinational (preferably US based) company
- Strong computer skills and functionality with the Microsoft Office® suite of products
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VAT Accountant Job Description
Job Description Example
Our company is looking to fill the role of VAT accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for VAT accountant
- Review of VAT related entries and provide support to our external services provider in relation to VAT data required for returns preparation
- Maintain the VAT settings in SAP, implement changes due to regulatory or business processes changes in reporting countries and keep informed on VAT updates in EU and in different jurisdictions
- Maintain the VAT settings in SAP, implement changes and keep informed on VAT updates in EU and in different jurisdictions
- Assist with advising in a pro-active manner on VAT and excise tax related matters to various business units within the company (Supply Chain, Sales department)
- Prepare and deliver timely and accurately VAT returns of EMEA entities to the competent Authorities
- Prepare and deliver timely and accurately VAT returns of EMEA entities to Tax Authorities
- Duties include preparing and reviewing International VAT and Insurance Premium Tax returns
- To reconcile the VAT balance sheet accounts on a timely basis
- Timely and accurate production of overseas VAT returns
- Deal with ad hoc VAT queries and projects as they arise
Qualifications for VAT accountant
- Bachelor’s degree and 3 years’ experience in accounting
- Archive all submitted returns/reports and correspondence with the authorities
- Master Degree in Finance/Accounting/Tax
- 1-3 years of experience with accounting, finance or tax department from an international company
- Preferably knowledge of Microsoft Dynamics AX or similar ERP system
- Ability to work under time/quality pressure
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VAT Accountant Job Description
Job Description Example
Our innovative and growing company is looking for a VAT accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for VAT accountant
- Co-ordinate with VAT technical experts to implement changes to processes for the VAT returns
- Monitoring VAT (Value Added Tax) calendar, including all tax payments, to ensure compliance with Egyptian tax authority’s dates
- Ensuring compliance Egyptian VAT laws and regulations
- Preparing VAT tax books that required by the tax law
- Preparing monthly VAT return
- Preparing monthly tax provision calculation/analysis for VAT
- Deliver internal VAT advice to GY group entities
- Perform monthly reconciliations of VAT accounts
- Perform high level review of draft VAT returns provided by our external services provider and draft payment requests
- Perform account reconciliations for the accounts assigned and monthly VAT postings
Qualifications for VAT accountant
- Ability to build and establish a good working relationship within the organization
- Ability to prioritise and manage time wisely in a fast paced environment
- Work experience in indirect tax return preparation/review would be an advantage
- Be able to perform independently with little guidance
- Certified Accounting Technician / SPD* and minimum of 5-7 years accounting experience
- Entrepreneurial Drive for Results
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VAT Accountant Job Description
Job Description Example
Our company is growing rapidly and is hiring for a VAT accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for VAT accountant
- Ensure accurate and timely recovery of foreign VAT in accordance with local VAT laws, company policies and procedures
- Complete a regular monthly process of review, completion of VAT returns & statistical declarations
- Management of 8th directive VAT reclaims in Europe
- Work with the members of the Indirect Tax group to update VAT technical and accounting methodologies to be applied
- Assist with VAT audits and queries from various Tax authorities
- Supervision of VAT Associates and Analysts
- Review of monthly accounts payable and general ledger transactions to ensure accuracy of VAT coding and adjustments
- Liaise effectively with CE counterparts to maintain a consistent approach to ESL and VAT obligations across the EU
- Maintain the VAT procedure documents and update as and when necessary
- Fluent level of English language
Qualifications for VAT accountant
- R2R Policy Considerations and Leading Practices – Interprets, desings and implements policies, guidelines, and procedures in accordance with leading practices and legal mandates to meet the long-term needs of both the finance department and the entire organization
- Effective Transaction Recording- Experienced in creating, approving, and posting financial transactions—including manual, automated, recurring, ad-hoc, and so forth—to the general ledger
- Intercompany Accounting - Identifies and challenges the end-to-end process associated with intercompany invoicing and the posting of transactions, settlement, dispute, reconciliation, and query management
- Analyse and Reconcile Accounts- Examines and improves the processes associated with reconciling financial accounts to external sources
- Consolidate Financial Results – Reviews the VAT position for both LGO and LGE
- Qualitative analysis – Performs monthly Cash Flow Analysis on VAT movements
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VAT Accountant Job Description
Job Description Example
Our growing company is hiring for a VAT accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for VAT accountant
- Timely and accurate production of the monthly SSL VAT Return
- No material discrepancies with Management Accounts generated VAT figures
- Attention to details, sence of urgency
- Willingness to learn and work in international environment
- Preparation of monthly and quarterly reconciliations
- Dealing with tax related queries from the business
- Assisting the Tax Manager and other staff in the team with ad hoc projects such as new branch set ups, software upgrades, monitoring and implementing tax technical changes and tax audits
- To liaise with our internal and external auditors to ensure a smooth quarterly and year-end process
- Assistance with other transaction taxes including Financial Transaction Tax (FTT) and stamp duties as necessary
- Monitor and challenge PESM
Qualifications for VAT accountant
- In-depth knowledge of (international) VAT regulations and requirements
- External Financial Reporting – Reconciles VAT balances in HFM
- Oracle knowledge- Examines how to design, implement, and update Oralce procedures
- Accurate and timely reporting of the VAT areas
- Competent and confident within the role
- Proactively seeks continuous improvements in systems, processes and procedures