HM Revenue & Customs
Investment Funds Tax Policy Lead
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About The Job
Job Summary
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Business, Assets and International Policy (BAI) is HMRC's centre of expertise for business and international taxation. In partnership with HM Treasury we advise ministers on policy and lead on developing new legislation. We also work closely with compliance and other colleagues across HMRC, providing technical tax advice and support, including for tax litigation.
BAI has an excellent record in career progression. Working in BAI will give you opportunities to develop valuable skills that will stand you in good stead throughout your career.
Within BAI, The Financial Products And Services Team (FPST) Covers The Full Range Of Activities Outlined Above In Relation To The Bespoke Tax Rules Applying To
- financial services industry (banking, insurance, asset management and investment funds)
- financial instruments and transactions (including corporate debt and derivative contracts)
This vacancy is for a senior tax policy and technical professional, to lead the team responsible for taxation of Investment Funds within FPST.
You will be the policy owner and lead technical advisor for specialist tax regimes covering collective investment vehicles in the UK; such as Investment Trusts, Authorised Investment Funds, Real Estate Investment Trusts, Offshore Funds and Reserved Investor Funds, amongst others. You will work with a team of specialist Grade 7s to help develop policy and provide technical advice, make legislative changes and protect our policy positions for this area. It offers an excellent opportunity to lead challenging and rewarding policy and tax technical work as part of a high-performing, collaborative and supportive team.
Job Description
You will need to engage frequently with stakeholders across the funds and investment industry (representative bodies, regulators, advisers, larger customers), with other government departments (HM Treasury, the Office of Parliamentary Counsel) and within HMRC. In addition, although the Investment Funds and Asset Manager Teams currently have separate areas of responsibility, we are seeking to have these teams work more closely together in the future and build a team with sector awareness and in depth tax knowledge across the funds industry. The postholder will therefore be expected to work flexibly with the Asset Manager team in accordance with business need.
You will also help to monitor and engage with general changes to the tax system where they affect the industry. This will frequently require consideration of novel and challenging situations in the context of an economically significant and continually evolving industry.
You will be responsible and accountable for work across the relevant areas. Close, effective and collaborative partnering with colleagues from across BAI and wider HMRC, as well as HM Treasury and non-government stakeholders, will be vital.
The role is expected to include line management responsibilities for the G7s on the team, alongside policy and technical responsibilities.
The key responsibilities of this role will be to plan and lead both policy and technical work for Investment Funds Taxes, ensuring the quality of work and supporting development within the team.
This Will Involve
- Acting as HMRC's public face and representative for Investment Funds Taxes, both within HMRC and across government as well as with the Investment Funds and Collectives industry;
- Providing policy and technical advice and leadership, including advising ministers and HM Treasury and contributing to fiscal events, developing new legislation, identifying and addressing risks and technical issues, advising on disputes and representing HMRC externally on relevant policy issues;
- Taking an active role in the collective leadership of FPST, including financial planning, resourcing and prioritisation decisions;
- Maintaining a clear line of sight between the strategic direction of HMRC and your policy areas;
- Working with senior stakeholders (including industry representatives and advisers) to understand policy issues and impacts;
- Drafting and reviewing relevant documents, ensuring high quality and adding value to progress matters effectively;
- Promoting knowledge and understanding of Investment Funds and Collectives taxation across the department;
- Ensuring good knowledge and information management practices are followed;
- Coaching and giving regular feedback to develop the knowledge and capabilities of colleagues;
- Taking responsibility for developing your own skills and competences, including your continuing professional development.
- Anticipated line management responsibilities for a small number of team members.
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Person Specification
You Will Need To
- Take the lead while working collaboratively;
- Work at pace, while managing ambiguity;
- Possess or be prepared to develop relevant technical knowledge and policy skills;
- Be comfortable working on complex and challenging tax issues;
- Have excellent written and verbal communication skills;
- Be able to lead and work as part of the team, even if located remotely as FPST is spread across a number of locations;
- Establish and develop effective working relationships within HMRC and externally;
- Contribute to development of the team, and of BAI more widely;
- Be willing to potentially line manage a small number of team members.
Essential Criteria
There are two separate essential criteria for this role. Your application should show evidence of how you meet both of them.
Criteria 1
The post holder must have significant experience of direct tax treatment of Investment Funds.
Criteria 2
This is a Tax Professional role. The post holder must hold at least one of the qualifications listed in the advert.
Desirable Criteria
It is desirable for applicants to also have experience of work developing tax policy, but it is not essential.
Further Location Information
Please ensure that you only apply for a location that you are willing and able to work from, as we will only make one offer of employment. Any additional notes included in a 'Further Location Preferences (optional)' field within the application form, will not be considered. Please be aware that you cannot change your location preference after submitting your application.
Additional Security Information
Please note that if you are appointed to 100 Parliament Street, as a condition of working in this location you will be required to obtain Counter Terrorist Check (CTC) level clearance.
To obtain this level of clearance, you will normally need to meet the minimum UK residency period, which for CTC is 3 years UK residency prior to your vetting application.
You may not be able to start in the location until clearance is granted.
If you have any questions about this residency requirement, please speak to the vacancy holder for this post.
Office Closures
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If your location preference is for of the following site, it's important to note that this is not long-term site for HMRC and we will require you to move to a new building in the future, subject to our location strategy and the applicable employee policies at that time.
For more information on where you might be working, review this information on our locations (opens in a new window)
This site is::
Trinity Bridge House, Salford - moving to an alternative office in Manchester/ Salford
You will be given more information about what this means at the job offer stage.
Leeds Location
Moves Adjustment Payment will be available for this role, provided the successful applicant is a current HMRC colleague in Bradford and meets the eligibility requirements outlined in the HMRC's Moves Adjustment Payment guidance.
Qualifications
Must hold at least one of the following qualifications: HMRC's Tax Specialist Programme or predecessor qualifications (TPDP, IDP, ITS2, CPT, FT2) Chartered Tax Adviser (with direct taxes options) Advanced Diploma in International Taxation Full membership of one of the Consultative Committee of Accountancy Bodies (ICAEW, ICAS, CAI, ACCA, CIPFA), provided that direct tax matters make up a substantial part of your professional experience. Qualification as a Solicitor, Barrister or CILEX Lawyer (including the Professional stage Business and Commercial Law module) in England and Wales (or equivalents in Scotland and Northern Ireland), provided that direct tax matters make up a substantial part of your professional experience. Equivalent qualifications, to be considered on a case-by-case basis.
Behaviours
We'll assess you against these behaviours during the selection process:
- Making Effective Decisions
- Delivering at Pace
- Working Together
Technical skills
We'll assess you against these technical skills during the selection process:
- Application of Tax Knowledge (Level 3) from the Tax Competency Framework.
Benefits
Alongside your salary of £71,725, HM Revenue and Customs contributes £20,778 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).
HMRC operates both Flexible and Hybrid Working policies, allowing you to balance your work and personal commitments. We welcome applications from those who need to work a more flexible arrangement and will agree to requests where possible, considering our operational and customer service needs.
We offer a generous leave allowance, starting at 25 days and increasing by a day for every year of qualifying service up to a maximum of 30 days.
- Pension - We make contributions to our colleagues' Alpha pension equal to at least 28.97% of their salary.
- Family friendly policies.
- Personal support.
- Coaching and development.
To find out more about HMRC benefits and find out what it's really like to work for HMRC hear from our insiders or visit Thinking of joining the Civil Service
Things you need to know
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