What does a tax adviser do?
Tax advisers work with large companies, smaller businesses and individuals. They usually specialise in an area of taxation, for example:
- inheritance and trusts.
Main tasks would include:
- meeting clients and discussing their financial situation
- gathering information and data to calculate the amount of tax due
- checking and completing tax returns
- auditing clients’ tax records
- explaining tax laws to clients and finding ways to reduce their tax liabilities
- producing reports or presentations for clients
- negotiating with HM Revenue and Custom on your client’s behalf
- keeping up to date with changes in tax laws and regulations.
- In some jobs, you may also provide other accountancy services for clients.
What do I need to do to become a tax adviser?
Many people working in financial services can offer advice about tax issues, for example accountants and independent financial advisers. However, to make the most out of a career in this field, it is highly recommended that you gain a professional qualification in taxation. For example, those offered by the Association of Taxation Technicians (ATT) or the Chartered Institute of Taxation (CIOT).
You can start out in taxation in a number of ways:
- as a trainee with a company after leaving college
- through a graduate training scheme after finishing university
- by completing a Higher Apprenticeship in Professional Services
- by transferring from another profession, such as accountancy or law.
- GCSEs, including English and maths
- Two or three A levels
Where could I be working?
You could work for an accountancy firm, a specialist tax consultancy, or a large company with its own in-house tax department. Opportunities are also available with banks, law firms and HM Revenue and Customs. You could move between these sectors during your career.