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I focus on some of the major and specialised public practice Firms and their tax recruitment needs within London.
I thoroughly enjoy going out and meeting all my candidates and clients that I work with, whether for a first time introduction or catch up on recent developments; my network is continually expanding. From Big 4 heads of departments to bright eyed graduates, my London tax network is expansive, interesting, varied and ever growing.
With nearly four years spent in sales and account management within the FMCG market, I went on to join an independent boutique recruitment firm before moving to London and joining Pro-Tax. With nearly five years now in recruitment and two specialising within London tax recruitment, I take pride in my personal service to both my clients and candidates to consistently find the right fit.
When not at my desk, I can almost certainly be found chilling out with / chasing after my beautiful Labrador, Margaux, or still hacking my way round a hockey pitch or golf course! If I was not in recruitment, I'd be a sports commentator – travelling the world watching and talking about the cricket or golf? Yes please!
Stay up-to-date with the movers and shakers in the tax sector. Here are the key movements in March 2020: PRACTICE LONDON AND CITY Partners PricewaterhouseCoopers (PwC) has announced its leadership team with effect from 1st July 2020, following Kevin Ellis’ recent election to serve for a second four year term as the Senior Partner for the UK and Middle East Alliance. Alongside Ellis, the management board will comprise the following members from 1st July 2020: Marco Amitrano – Head of Clients and Markets; Benjamin Higgin – Head of Technology and Investment; Laura Hinton – Chief People Officer; Hemione Hudson – Head of Audit; Warwick Hunt – Managing Partner and Chief Operating Officer; Sam Samaratunga – Head of Risk Assurance; Dan Schwarzmann – Head of Market Initiatives and Industries; Carl Sizer – Head of Regions; Alison Statham – General Counsel and Chief Risk Officer; Paul Terrington – Head of Consulting; Marissa Thomas – Head of Tax; and Ken Walsh – Head of Deals. Ernst & Young (EY) has announced the appointment of Hywel Ball as EY UK & Ireland Regional Managing Partner and UK Chair, effective 1st July 2020. Ball will be responsible for leading the business in the UK and Ireland, succeeding Steve Varley, who has been appointed as the first EY Global Vice Chair – Sustainability. In addition, Alison Kay has been appointed into a newly created role as UK&I Managing Partner – Client Service, also effective 1st July 2020. Kay will be responsible for leading the overall market activity and service line delivery for EY in the UK and Ireland. Ernst & Young (EY) has appointed Sally Jones as an International Trade Policy Partner. She joins from Deloitte where she spent over 20 years. Hugo Parson has joined Deloitte as a Partner to lead its Origination team for Private Equity. Parson was previously Global Head of Origination for Private Equity at Ernst & Young (EY), where he worked for over seven years. Prior to this, he worked at Morgan Stanley and JP Morgan. At Deloitte, Parson will head up a cross-border team to identify investment opportunities for financial investor clients. UHY Hacker Young has appointed Mike Burt as a Tax Partner in the London office. Burt joins from Grant Thornton where he served as Partner for 20 years. He is a tax specialist focusing on entrepreneurial private clients and their businesses. BKL has become a member of AGN International, a worldwide association of independent accounting, tax and advisory businesses. Shipleys has announced that the tax and accounting division of London-based Mariana UFP LLP, merged with the firm on 2nd March 2020. The merger sees a small team of corporate and general tax specialists join Shipleys, led by Chartered Tax Adviser Stephen Hanlon. Hanlon’s career includes time working at BDO before moving to Ernst & Young (EY) as a Director in 2009, where he specialised in advising real estate businesses and a wide range of funds. He now specialises in many SEIS and EIS related issues, R&D tax credits and company share schemes, as well as advising on various reconstructions, reorganisations and M&A transactions. Senior Appointments PricewaterhouseCoopers (PwC) has appointed Philip Rycroft CB and Victoria Raffé as new independent Non-Executives. They join the firm’s public interest body alongside Chair Dame Fiona Kendrick, Sir Ian Gibson CBE and Justin King CBE. During a 30-year career Rycroft held senior leadership positions in departments such as the Cabinet Office, Office for the Deputy Prime Minister, Department for Business, Innovation and Skills and the Scottish Executive. Most recently, Rycroft was Permanent Secretary for the Department for Exiting the EU before retiring from the Civil Service in 2019. Raffé is a former director and executive committee member of the Financial Conduct Authority, where she held a number of leadership roles during a 20-year career with the regulator and its predecessor the Financial Services Authority. Since leaving the FCA, Raffé has focused on non-executive roles in the fintech sector and is currently a non-executive director of Starling Bank. Rakesh Dabasia has joined Buzzacott as a Tax Director in the Private Client team. He joins Buzzacott from Rayner Essex. Dominic Treays has been appointed as Commercial Director (Global Business Services – Tax & Accounting) at TMF Group. Treays’ specialisms include corporate advisory, planning and transactional, VAT, tax controversy and international corporate tax. SOUTH EAST Partners RSM has appointed Natasha Lucas as a Partner in its Private Client team based in Guildford. Lucas joins RSM from a London based investment firm where she was the CFO. Previously, she worked in Private Client Services for PricewaterhouseCoopers (PwC) as a Tax Director and as a Director at Deloitte. SOUTH WEST Partners Thomas Westcott has appointed Chartered Tax Adviser Ian Pring as a Partner in the Plymouth office. Pring has joined Thomas Westcott following a 30-year career at PKF Francis Clark. He has experience of advising on all areas of tax as well as specialist knowledge of property taxes, such as stamp duty land tax, and family business succession planning. MIDLANDS AND THE EAST Partners Smith & Williamson has appointed David Yewdall as a Partner in the Employment Tax and Incentives team based in the Birmingham office. Yewdall joins from PricewaterhouseCoopers (PwC), where he was a Director and spent over two years. He has also worked for KPMG and Ernst & Young (EY). NORTH WEST Partners UHY Hacker Young has appointed Helen Cowley as a Tax Partner in the Manchester office. Cowley joins from Baldwins, she provides bespoke tax advice to UK and overseas businesses and has particular expertise is assisting clients entering global markets and in providing international tax advice. Senior Appointments Julie Moore has joined RSM as an Employment Tax Director based in Manchester. Moore joins RSM from PricewaterhouseCoopers (PwC), where she was a Senior Manager. NORTH EAST Senior Appointments Roseann McGovern has joined the RMT’s Personal Tax team. COMMERCE AND INDUSTRY Justin Moody has been appointed Head of Tax at NES Global Talent. Chris spent time in practice with Deloitte and KPMG with his in-house career including time spent in the tax teams of AstraZeneca, Creston PLC and MAG. Hannah Karwatowska has joined Activision Blizzard as Indirect Tax Director. Before Activision, Hannah spent the majority of her career with Deloitte before her first move in-house to Thomson Reuters. Premier Foods have appointed Nita Advani as Head of Tax. Nita is vastly experienced with her in-house career spanning a variety of industries which includes time spent with Gillette, Aker Solutions, PageGroup, Ashtead and Lloyd’s respectively. For more information about this article, or to speak to Rebecca about your recruiting needs or Tax jobs in London or Nationwide, contact her on 02072696320 or firstname.lastname@example.org. Back to Tax Movers & Shakers Archive >>
Women get paid from the 4th March. That's right! On average in the UK women work for free for two months every year as a result of the gender pay gap! According to the Trades Union Congress (TUC) that means that with the average working an unpaid 63 days versus their male counterpart, today; March 4th marks the day women start getting paid! The TUC analyses this further. Since the Equity Act came into force in April 2017, companies with more that 250 employees have been forced to publish their gender pay gap and it makes for some surprising results. Findings go on to show that there is still quite the discrepancy between industries. For example, education is an industry made up of 75% women, however the gender pay gap is 25.4%. This means that on average female teachers work for free for more than a quarter of the year (93 days)! Meanwhile, women in the financial and insurance industry could be looking at 123 days working for free a year, which would mean for these it would be 3rd of May this year before their pay kicks in vs. a similar male colleague. There are also findings to suggest that location also plays a big part in gender pay differences, linked to the concentration of industries in different regions. If the UK average is 63 days of comparative unpaid work, then the areas with the smallest pay gap are Northern Ireland (37 day / 10.1% ) and Scotland (52 days / 14.3%). The area that has the biggest gap is the South East where there is on average 20.5% gap (over a month's difference compared to NI). Companies are, in general, trying to close the gender pay gap and there has been a call for the workplace to recognise and help women with more family friendly policies. Employers are much more open to flexible working, encouraging parental leave and providing the same opportunities within the workplace. Pro-Tax are proud to announce that in 2020 to date, we have placed an exact 50:50 gender split into permanent positions. As well as this, Pro-Group is an inclusive employer and we are proud to have a female heavy employee base, with 50% women in management and on the board. We have also set up a new network for women working within the tax market - whether it be in practice, in-house, HMRC, support, HR or sales. This space is aimed at providing a platform to women working in the tax industry in whatever capacity so they can share insights and ideas, facilitate learning, development and further knowledge in a like minded supportive group through articles, discussions and events - if this is something you would be interested in please do join our network. (Source: https://www.theguardian.com/world/2020/mar/04/women-work-for-free-for-two-months-a-year-says-tuc-analysis) For a confidential chat around what opportunities are available to all across the tax market, please contact Rebecca English on 020 7269 6320 or email@example.com.
Stay up-to-date with the movers and shakers in the tax sector. Here are the key movements in February 2020: PRACTICE LONDON AND CITY Partners BDO has appointed Julia McCullagh as a Partner in the Corporate Tax practice. She previously worked for PricewaterhouseCoopers (PwC) both in the UK and US as well as spending five years working in-house within the consumer goods industry. She will assist clients manage all tax aspects of their UK and overseas operations including cross-border operating models and transfer pricing. McCullagh’s sector experience includes pharmaceuticals and consumer markets. Wilkins Kennedy has appointed Paul Barwick as a Forensic Accounting Partner. Barwick, who has more than 13 years’ experience in forensic accounting, joins from Mazars where he spent seven years, and earlier in his career spent six years with Charles River Associates. He specialises in the provision of forensic accounting services to solicitors, regulators, and corporates and has worked across a range of sectors. He has wide ranging experience including breach of contract and loss of profit claims, fraud investigations and asset tracing, post-transaction disputes, contentious valuations, family and matrimonial disputes, and manipulation of accounts investigations. Barwick is regularly instructed by dispute resolution lawyers in the context of litigation or arbitration and has had cases heard in both the UK High Court and in arbitral tribunals around the world. Senior Appointments It has been reported that Ernst & Young (EY) has appointed five solicitors to its Tax Controversy and Risk Management team. Richard Doran joins as a Director from KPMG, where he spent over six years. Prior to KPMG, he spent five years with law firm Dorsey & Whitney. Julian Balson joins as a Director from law firm Bird & Bird, who he joined from PricewaterhouseCoopers (PwC) in 2017. Paula Ruffell joins as a Senior Manager from Grant Thornton, where she worked for nearly three years. Earlier in her career, she worked at law firm Baker & McKenzie LLP and HM Revenue & Customs. Meanwhile, Daniel Greene joins from The Khan Partnership and Davinder Sahota joins from KPMG. Markel Tax has made a number of new senior appointments. Mark Baycroft and Imran Umarji have joined the Owner-Managed Business (OMB) Tax team. Both arrive from Moore Stephens/BDO. Andrew Paschalis joins the Tax Investigations team as a Senior Consultant from PwC. Punnit Vyas has joined Markel Tax as a Senior Consultant with over 16 years as a VAT consultant in top 20 mid-tier accountancy firms, and within HM Revenue & Customs. Nicola Goldsmith has joined the team as Head of Private Client. All five team members will be based in Markel Tax’s London office. MIDLANDS AND THE EAST Partners Lovewell Blake has announced the appointment of a new Partner following the agreement to acquire some of Grant Thornton’s local tax and audit practice in Norwich. Tax Director Mark Watson will join the Partnership at Lovewell Blake, and the 34 staff currently based at Grant Thornton’s Kingfisher House office will also join Lovewell Blake, relocating to the firm’s Norwich offices at Broadland Business Park. It has been reported that Baldwins Directors, John Baldwin, David Baldwin and Shaun Knight, have resigned. Alyn North, Group Chief Commercial Officer at CogitalGroup has taken over as CEO at Baldwins. North trained with PricewaterhouseCoopers (PwC). Senior Appointments Baldwins has appointed Lucy Sutcliffe as Director of National Customs Duty. She specialises in customs and excise duties providing technical advice for businesses involved in the movement of goods, imported into and exported from the UK, the EU and the rest of the world. She joins from MHA MacIntyre Hudson and previously spent over 20 years at HM Revenue & Customs. YORKSHIRE AND HUMBER Partners It has been reported that Deloitte has appointed Richard Davis as Head of Tax for Yorkshire and the North East. Davis joined Deloitte in 2005 and was made a Partner in 2014. His sector experience includes manufacturing, utilities and real estate. SCOTLAND Partners Anderson Anderson & Brown has announced that Derek Mitchell will take over as Managing Partner of the firm’s Aberdeen office on 1st April 2020. Mitchell, a tax specialist, currently leads the firm’s business advisory group, having joined the firm 14 years ago. Senior Appointments Alvarez & Marsal has opened an office in Glasgow, extending the firm’s funds and alternative assets practice. The new team will be part of Alvarez & Marsal Taxand, providing alternative asset management clients with advice and reporting services across the lifecycle of funds, from launch to exit. In addition, the team will work with private clients in Scotland. The new Glasgow office will be led by Donald Campbell, who joins as a Senior Adviser from Deloitte, where he led the Private Client Services team. Campbell has more than 30 years’ tax experience, advising both individuals and corporates on tax related to M&A, real estate, funds and succession planning. He will be joined by Jordan Brown, who joins A&M as a Director from Ernst & Young (EY). Brown has over ten years’ experience advising private clients and asset managers on tax issues. Prior to joining A&M, he was part of EY’s funds tax team. WALES Senior Appointments Daniel Burton has joined Kilsby & Williams as a Tax Manager. He previously spent six years with HM Revenue & Customs where he specialised in customs and international tax. OFFSHORE Partners Grant Thornton in Ireland has promoted Brian Murphy to Partner in the Financial Services tax practice. Murphy joined Grant Thornton in 2019 as a Director from PricewaterhouseCoopers (PwC), where he spent 15 years. COMMERCE AND INDUSTRY Chris Mutlow has been appointed Head of Tax Compliance & Reporting at Advanz Pharma. Chris spent time in practice with Deloitte and KPMG before his first in-house move with British American Tobacco. Sarah Sennett has joined Ascot Group as Head of Tax. Sarah can be considered somewhat of an insurance specialist with previous stints with QBE, Markel and MS Amlin respectively. Refinitiv have appointed Juliet Coombs as Director of Tax Operations EMEA. Having spent the majority of her career with Deloitte initially, Juliet spent just over 2 years with Capita before making the move. For more information about this article, or to speak to Rebecca about your recruiting needs or Tax jobs in London or Nationwide, contact her on 02072696320 or firstname.lastname@example.org. Back to Tax Movers & Shakers Archive >>
Stay up-to-date with the movers and shakers in the tax sector. Here are the key movements in January 2020: PRACTICE LONDON AND CITY Partners Haysmacintyre has appointed James Walker as a Private Client Partner. Walker specialises in advising high-net-worth non UK domiciled individuals, offshore trust/company structures and related beneficiaries. He joins from Buzzacott where he was Partner and Head of Private Clients. RSM has appointed Natasha Lucas as Tax Partner. Lucas joins from Ferox Capital where she spent 11 years following Directorships at both PwC and Deloitte. Mercer & Hole has promoted Jacqui Gudgion to Partner in the Corporate and Business Tax team. Gudgion has expertise in tax planning for reconstructions and reorganisations, profit extraction, capital gains tax, inheritance tax, research & development relief claims, enterprise management incentives and the enterprise investment scheme. Barnes Roffe has appointed Jasmine Worth as a Partner with effect from 1st January 2020 based in the East London office. Worth specialises in VAT in addition to all corporate and personal tax matters. She started with Barnes Roffe in 2006 and following qualification as a chartered accountant was promoted to Audit Manager. Senior Appointments Buzzacott has appointed Antoine Housden as Head of Financial Services tax in the Corporate and Business Services team. He advises investment funds, asset managers and other financial services businesses. Prior to joining Buzzacott, Housden spent over four years at Ernst & Young (EY), latterly as Director in the Wealth and Asset Management tax practice. Earlier in his career, he worked at PricewaterhouseCoopers (PwC) and spent nearly ten years at Kinetic Partners. SOUTH EAST Partners PricewaterhouseCoopers (PwC) has appointed Caroline Bevan as the new Office Senior Partner for the North of London office based in Watford. Bevan has been with PwC for more than 20 years KPMG has appointed Andrew Morgan, Senior Partner for the Reading office, as South region chair. A Tax Partner, who first joined KPMG in 1988, Morgan advises clients on transfer pricing, corporate restructuring and tax investigations. KPMG has moved its Thames Valley office to 2 Forbury Place, 33 Forbury Road, Reading RG1 3AD. Mazars has relocated its Sutton office to: 6 Sutton Plaza, Sutton Court Road, Sutton SM1 4FS. Senior Appointments Harwood Hutton has welcomed Michael Ashdown as its new Head of VAT and Indirect Taxes. For the past 12 years Ashdown worked at BDO, latterly as a VAT & Indirect Taxes Director. Earlier in his career, he spent four years with Deloitte & Touche. SOUTH WEST Partners Bishop Fleming has announced plans to move their Bristol office to a new office in the city in 2020. Currently based in Queen Square, the firm is taking the whole top floor and roof terrace of 10 Templeback. Senior Appointments MHA Monahans has appointed Carmelo Lattuca as a client portfolio manager based in the Bath office. Lattuca joins from Milsted Langdon, where he was Senior General Practice Manager. He qualified as an ACA in 2014. MIDLANDS AND THE EAST Partners PricewaterhouseCoopers (PwC) has confirmed that it has moved into its new Birmingham office, based at One Chamberlain Square, Birmingham B3 3AX. MHA MacIntyre Hudson has announced that it has finalised a deal to merge its Milton Keynes operations with Keens Shay Keens MK LLP. Claristas Tax, an independent advisory firm, have promoted Ses Memhi to Associate Director in their Birmingham office. NORTH WEST Partners HURST has appointed Adrian Young as a Tax Partner. Young was previously Global Head of Tax at the Euro Garages Group. He qualified as a chartered tax adviser with PricewaterhouseCoopers (PwC) in 2003. UHY Hacker Young has announced the addition of Helen Cowley as a new Tax Partner in their Manchester office. Helen joins from Baldwins where she specialised in working with owner-managed businesses, independent professionals, and global accountants and business advisors. Senior Appointments DSG Chartered Accountants has promoted Murray McLean to Tax Director. McLean joined DSG as a Senior Tax Manager in 2018, having previously worked for another local firm for 13 years. YORKSHIRE AND HUMBER Senior Appointments Watson Buckle has appointed Gillian Craven as Director. Craven started her career at Watson Buckle in 2005 as a Graduate Trainee. After attaining the ACA qualification, she was promoted to Audit Manager in 2010. Her focus has been on audit and accounting, tax, and business advisory. SCOTLAND Partners Neil Norman, Head of the Entrepreneurial Tax team at Chiene + Tait, has been appointed to the Board of the Global Accountancy Association AGN International. This appointment coincides with Norman and his fellow C+T Tax Partner John Rodger being jointly named as the firm’s new Heads of Taxation. Norman qualified with a medium sized firm and then spent five years with KPMG prior to joining Chiene + Tait in 2012. EQ Accountants has promoted Rachel Bell, Scott Greig and Robert Young from Principal Managers to Partners with effect from 1st April 2020. Bell, based in the Dundee office, joined the firm as a Trainee in 2008. She qualified as chartered tax advisor in 2014 and is a corporate tax specialist. She is a member of the research and development tax team and heads up the Transaction Tax group. Greig, who is based in Cupar office, qualified as a chartered accountant with the firm in 2012 and is an agricultural specialist. An agricultural specialist, Young is based in the Forfar office and specialises in personal taxation, particularly succession planning, inheritance tax and executory taxation. He is also the lead for the private client tax group. COMMERCE AND INDUSTRY David Yeomans has been promoted to the position of Group Head of Tax at Hitachi Capital. David enjoyed a spell of just over 10 years with KPMG before moving the Hitachi Captial and starting his career with HMRC. Mark Dyer has joined Lloyd’s as Head of Tax. His previous experience has included senior level positions of the tax teams at Essentra and Debenhams respectively. Chanel has appointed a new Head of Tax, Manuel Lutz. He has held several tax leadership roles in industry. He joins from Alcon where he was Head of Tax, based from Geneva. Before that he was VP and Group Head of Tax at Essilor, based in Paris. For more information about this article, or to speak to Rebecca about your recruiting needs or Tax jobs in London or Nationwide, contact her on 02072696320 or email@example.com. Back to Tax Movers & Shakers Archive >>
A record rise in women’s full-time employment opportunities has boosted the UK’s employment rates to a record high of 76.3% in the September to November 2019 period (up 0.5% from the previous quarter and 0.6% higher than the year before). The Office for National Statistics (ONS) have released their findings for the previous quarter which show that 126,000 more women worked in a full-time role compared to the previous quarter, meaning that a record 32.9 million are currently employed in the UK. Over two-thirds of this growth has been attributed in the past year from women working full time, says ONS head of labour market and households, David Freeman. Figure 1: UK employment rate (aged 16 - 64 years), seasonally adjusted, January to March 1971 to September to November 2019 Source: Office for National Statistics The statistics go on to breakdown that the estimated employment rate for men was 80.4%, a 0.1% increase on the year. Similarly, women across the board increased on last year but we can see a massive 1.1% increase comparatively, meaning employment rates for women are now at 72.3%. The increase in women’s employment can be attributed to a couple of notable factors. Partly, it is a result of the changes we have seen to the state pension age for women, resulting in fewer women retiring before the age of 65. Also, there is a decrease in women being economically inactive. Economic inactivity measure people without a job who are not seeking work so are not unemployed. For example, looking after family or the home. Figure 2: Reasons for women being economically inactive Source: Office for National Statistics via BBC Generally speaking, since records began in 1971, economic inactivity has been steadily falling, this tends to be largely due to the rates falling with women. The ONS goes on to show that in the previous quarter (September – November 2019), the estimated inactivity was at a record low of 20.6%. Men were unchanged from the year previous, but astoundingly women hit a new record low of 24.9%; 0.8% lower than the year before. Unemployment is one of the closely-watched metrics that guide the Bank of England in deciding whether to raise or lower interest rates and will be taken into great consideration by the Monetary Policy Committee and their review of cutting the Official Interest rate next week to 0.05%. To view the latest opportunities at Pro-Tax click here, or for a confidential discussion contact Rebecca English on 020 7269 6320 or firstname.lastname@example.org.
Stay up-to-date with the movers and shakers in the tax sector. Here are the key movements in December 2019: PRACTICE LONDON AND CITY Partners Grant Thornton has appointed Lee Holloway as a Tax Partner. Holloway has over 20 years’ experience in consumer business and tax risk management, specialising in the retail and consumer business sector, having spent nearly a decade leading the tax functions at Next PLC and Halfords Group. Grant Thornton has appointed Steve Holt as a Partner in the Specialist Investigations Team, part of the Forensic and Investigation Services practice. The Simmons Gainsford Group has appointed Darren Hersey as Senior Partner. Hersey became Partner at Simmons Gainsford in 1998, having joined the firm in 1992. He specialises in tax, with considerable experience advising on high value transactions and heads up the firm’s Private Client Team. Harwood Hutton has recruited Michael Ashdown as its new Head of VAT and Indirect Taxes. Senior Appointments Thomas St John Group, a leading international accounting firm for artists, entertainers, sports people, has recruited Gary Rowson as its new UK Tax Director. MIDLANDS AND THE EAST Partners Ernst & Young (EY) has announced the acquisition of AgilityWorks, a technology consultancy business that helps global organisations to shape and deliver digital business transformations with the latest generation of SAP technology. They will operate as EY AgilityWorks. Begbies Traynor has opened a new office in Grimsby, located at Prince Albert Gardens. NORTH WEST Senior Appointments DTE Business Advisers has appointed Victoria Frost as a Tax Consultant in the Bury office. Frost qualified as a chartered accountant in 2012 where she worked in accounts and audit before switching her focus to taxation. Alexander & Co has appointed Sharon Collier as a Tax Senior Manager based in Manchester. Collier, who has 30 years’ experience, has previously worked at PricewaterhouseCoopers (PwC), Deloitte and KPMG. YORKSHIRE Joanne Powell has joined BHP Chartered Accountants in Leeds as Tax Partner, effective November 2019. SCOTLAND Senior Appointments Anderson Anderson & Brown has made several promotions to the senior management team including in Corporate Tax, Katy Thomson. OFFSHORE Partners Deloitte Ireland has appointed Kevin Norton, a Transfer Pricing specialist with 15 years’ experience, as a Partner in the tax department. Dillon Eustace has announced the appointment of 3 new Partners including Richard Lacken who has been made a Partner in the Tax division. Bryan Cave Leighton Paisner has announced the arrival of 7 new Partners in Paris, including in tax; Christine Daric and Olivier Mesmin who handle Corporate and Real Estate taxation matters. Mazars Ireland has announced the appointment of two new Partners due to ongoing business growth across the firm. Ken Killoran has been appointed as a Tax Partner leading the Employment Tax and Global Mobility Services area, and Padraig Daly has been appointed Corporate Tax Partner. COMMERCE & INDUSTRY Lindsay Jafaripak has been appointed the Group Tax Director at Resolution Life. Lindsay was most recently Tax Partner at PwC specialising in the UK insurance tax market but had previously held in-house positions with AXA and Friends Life. The Rank Group have promoted Gurpreet Makh to Head of Tax. His background consists of time spent with PwC and Grant Thornton and his previous role at Rank was that of Senior Tax Manager. Andy McLean has been promoted to Head of Tax & Treasury at Wood, where he was initially deputising the role. Andy had previously held in-house positions with Amec Foster Wheeler and SSL International subsequent to his training at Arthur Andersen. For more information about this article, or to speak to Rebecca about your recruiting needs or Tax jobs in London or Nationwide, contact her on 02072696320 or email@example.com. Back to Tax Movers & Shakers Archive >>
2019 was a turbulent year for many reasons with highs and lows throughout all areas in our news. We saw two Prime Ministers, several attempts at a Brexit negotiation, Greggs started producing meat free sausage rolls, the hottest day on record (38.5°C), winning world cups in superovers, the women’s football world cup, we lost household names such as Mothercare, Thomas Cook, and Jeremy Kyle (maybe some missed more than others). It was the year that climate change activist group Extinction Rebellion disrupted London, The Brexit Party was created, Tiger Roll won his second Grand National, there was a general election and we had a new royal baby. 2020 also promises to be off to a tumultuous start, more specifically within the tax and tax recruitment market. At the end of last year, according to the Report on Jobs, we continued to see a slower increase in permanent vacancies (lowest in a decade) and candidate numbers fell sharply also overall, with the trend showing there was a steeper increase in temp vacancies comparatively. Will this be a trend we continue to see going into 2020 with the rise is temporary work placements? There has been an argument that with Brexit, a general election and new government, there has indeed been less certainty around permanent placements and so the incoming government must seek to boost business confidence quickly. There are many new changes afoot this year too for the tax market; a new majority government, IR35 rules for the private sector, loan charge concerns and the extension of Making Tax Digital. There is a whole new majority government in place and some uncertainty about what will be outlined in their March budget (was expected to be in February but with rising tensions in the middle east this has had to be postponed). While many believe that with Brexit taking the majority of thinking space, this budget could be very similar to that of Philip Hammond’s (former Chancellor), Boris Johnson will be keen to demonstrate a clear focus on domestic policies and follow through on his landmark offer of a tax cut for tens of millions of people and reviewing entrepreneur’s relief. Paul Eagland, Managing Partner of BDO said: “Thinking about tax, I hope the government reconsiders changes to entrepreneurs’ relief; it doesn’t make sense. The UK is recognised around the world as a brilliant business environment which encourages startups and businesses, and entrepreneurs’ relief is an important relief, stimulating business, equally as private equity really fuels business.” The changes set to be rolled out in April this year to IR35 are also a concern for many and with Boris pledging to review it in his manifesto. IR35 is a hugely complex piece of tax legislation that causes many self-employed people to be wrongly taxed like employees, and many of his voters are self-employed. Neil Carberry, Chief Executive of the Recruitment & Employment Confederation, said: “Everyone should pay the right amount of tax - and that must mean thinking again and stopping 2020 implementation. Contractors and the self-employed are a vital part of the UK’s flexible labour market, and current implementation plans risk rewarding those who avoid tax whilst punishing hundreds of thousands of compliant contractors and agencies. It is essential that these tax changes are only brought in when it’s clear they can be implemented effectively, with proper regulation of umbrella companies and effective enforcement.” If indeed the trend continues and we continue with an upward trend in non-permanent placements, the recruitment industry could really hinge on the review. Another area of thought going into the start of 2020 is the loan charge. Individuals who have not settled will be asked to declare on their self assessment and that can be amended later, however that will most likely lead to an immediate demand form HMRC. However this is to avoid tax avoidance so isn’t contestable. There has also been some unsettling around the u-turn on cutting corporation tax to 17%. With many businesses having prepared for the changes and planning future budgets and investments on 17% corporation tax they will now have to readjust their plans. Britain has always been a desirable location for foreign investment and whilst we still are, sentiments from Foreign Investors have decreased namely since the referendum. These next 6 months while Britain steadies the ship with Brexit and the new government will prove key. Lastly, ‘Making Tax Digital’ (MTD) must be touched upon. MTD came in with VAT last year, and there was some feeling around that it was rushed, and not enough work done with the pilot. Before the next stage of digitialisation comes in for income tax it would be wise for HMRC to learn from this. Whilst it is inevitable that we are heading to a fully digitialised future, VAT was on a small scale compared to their plans, and so there is still a lot of work to do with their systems, their roll outs and digestion of information; it must become more user friendly. There is certainly a lot ahead of us for 2020 and in the tax market; here’s to a new year and many new and exciting beginnings. For more information on this article, or to discuss your recruiting needs for 2020, contact Rebecca English on 020 7269 6320 or firstname.lastname@example.org.