The Company:
Idox is an AIM listed leading developer of specialist software solutions for government and industry, with an established track record of over 30 years, serving tightly regulated markets including local authorities, health, engineering, transport and property. Built around the needs of the user and designed in collaboration with experts, their software delivers exceptional functionality and reliability to critical operations and embeds workflows that drive efficiency and best practice.
Idox employs around 660 staff in the UK and worldwide, including Europe, North America and Asia.
Idox has recently delivered strong financial results with 2023 revenues of £73.3m (£66.2m in 2022) £9.3m operating profit (up from £8.7m in 2022) and £24.5m EBITDA (£22.5m in 2022).
Operating in continuously evolving markets, and having made a number of acquisitions between 2019 and 2023, Idox continues to seek to acquire businesses which will enable them to continue to leverage the platforms they have created.
An excellent opportunity has arisen in the Group Finance team for a Head of Tax to join the business at a very exciting time.
The Head of Tax will report to the CFO and will be responsible for managing all tax affairs for the company:
- Corporation tax. Preparation of group current and deferred tax provisions for inclusion in the year-end/interim group and subsidiary accounts
- Corporation tax. Liaising with UK corporate tax advisors to finalise corporate tax returns. Liaising with overseas advisors and bureaus where necessary to facilitate with the finalisation of overseas corporate tax returns
- Ownership of Group VAT process, involving review of return preparation and liaising with respective advisors across various jurisdictions to ensure VAT returns accurate and submitted/paid on a timely basis
- Transfer pricing. Calculation of transfer pricing recharges in line with Group transfer pricing policy and completion of annual country documents, maintenance of intercompany loan agreements across the Group
- R&D. Liaise with advisors to assist with the completion of UK R&D tax claims, estimate of RDEC credit for UK group subsidiaries
- Withholding tax. Application for residency certificates and monitoring compliance across the group, reconciling amounts suffered with treaty rates
- Tax enquiries/inspections. Assisting on any tax enquiries/inspections across the Group, for example, Corp tax/VAT/Transfer Pricing/PAYE/etc
- Corporate Criminal Offence (CCO) Ownership of CCO risk register, annual review of group processes and controls to identify any updates to the CCO risk register.
AD-HOC PROJECTS
- Corporation tax. Maintaining corporate tax cash flow forecasts for the group, updating tax cash payments as part of covenants reporting process, monthly reconciliation of tax cash movements with tax accounting movements
- Employment tax. Conduct tax status reviews for contractors and liaising with HR/payroll accordingly
- Share options. Own share option exercise process, understanding schemes within the Group, advising employees of options, calculating tax impact and liaising with payroll, headroom/dilution workings, group accounts disclosures
- Offering tax input into commercial decision-making process, including (but not limited to):
− Implications of employees/customers/large projects in new jurisdictions (permanent establishments, payroll requirements, VAT, withholding tax, etc.)
− Implications of new tax legislation on trading jurisdictions (for example, changing VAT rates/non-resident thresholds, implications of change in CT rates/payment patterns)
− Implications of changing operational structure on underlying transfer pricing policy
- Adherence to Idox Information Security policies and protocols.
LEADERSHIP
- Management of a Tax Associate and experienced Payroll team of two.
The Candidate:
- Chartered Accountant (CA) or Chartered Tax Advisor (CTA) qualifications, from a corporate tax background
- Experience of preparing IFRS current and deferred tax accounting disclosures
- Exposure to other taxes (VAT, WHT) and relevant corporate tax sub-disciplines (Transfer Pricing, R&D) preferable albeit not essential
- An understanding of tax reporting process and requirements for a listed group
- A well organised approach, ensuring all compliance deadlines are met and understanding changes to the tax landscape in relevant jurisdictions
- Proactive in understanding the business, ongoing changes and tax impacts
- Leadership – be comfortable in being the principal tax specialist within the Group, educating others in tax matters
- Ability to lead a small team; experience in coaching others
- Positive attitude as a Team Player, slotting into the finance team and supporting Heads of Finance and CFO as necessary.
How to Apply:
The recruitment for this position is being managed by advising consultants, Métier Peoples. In the first instance interested candidates should contact Amy Peoples at:
[email protected] or 07399 980 038.
