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What's it like working in corporate tax?

22 December 2011

What does the team do?
The team advises on various tax matters from Stamp Duty Land Tax (SDLT) for property transactions to share schemes for businesses to VAT.

What type of work does a trainee do?
Calculate SDLT and fill out the SDLT returns based on agreements for lease and the actual leases, then flag up issues with the appropriate fee earner and diarise submission deadlines for payment of the SDLT, filling out EMI forms for share schemes granted and technical research on Stamp duty land tax and other matters!

What level of responsibility/hands on experience (i.e. manage your own files etc) does a trainee receive?
I am given real hands on experience because I am given matters that I have to fill out the SDLT return for, and then it is checked, so I have to make sure that I have found the relevant information myself and compile the form/do the calculation etc. I am then given the responsibility to send emails to the appropriate fee earner flagging up issues, and then it is my job to work out the submission deadline, diarise it, and remind the fee earner when it is due (if they haven’t already paid it!)

When I am given research to do, the information I find is relied on by the team, which is a good level of responsibility to have.

How much client contact does a trainee get?
I get to email the clients with updates and to flag up any issues raised, but often we are working through another department at Browne Jacobson, so our point of contact would be an employee here.

What has been the highlight for you in this seat?
One-to-one sessions with my supervisors outlining the basic points of various corporate tax issues. It is a really good opportunity to learn from real experts in the field!