A career in taxation is can be very lucrative in London because tax jobs London are always available for qualified and experienced experts. London is the capital of England and it is a major business centre in the UK. Naturally, it is expected that experts in taxation will have job offers in London because this is where most of the country big business is done.
A lot of people are very keen on careers in banking, law, marketing, management and sales. What these people may not realize is that there are lots of prospects in taxation. This is because a career in taxation covers a lot of ground. An expert in taxation can be described as a jack of all trade and a master of most. This is because an expert in this very important field should have a working knowledge of taxation law. He or she should also be familiar with accountancy and business principles.
It is not possible for candidates to get tax jobs London without the right qualifications. For this reason, it is important to understand the steps interested people can take to become experts in taxation. Generally, interested individuals can start out with a degree in business management, accountancy, law or finance. With a degree in the bag, the next step is to get registered with the Chartered Institute of Taxation (CIOT). This organization is the leading professional body in the UK. Candidates can simply get registered write the relevant examinations and get certification. With this professional qualification, getting tax jobs in different parts of the UK will be relatively easy.
This may sound very easy but the truth is that it is not really that easy because getting this vital qualification takes some time and a bit of effort too. People can only become members of the Chartered Institute of Taxation if they pass the relevant examinations. In this context, the examination is called the Chartered Tax Adviser (CTA) examination. It is usually written twice a year in the months of May and November. People who have passed the examination can add CTA to their list of qualifications. This is a prestigious qualification to have and it needs to be combined with three years of recent professional experience for best results.
As stated already, being an expert in taxation covers a lot of ground. The expert can specialize in corporate tax, personal tax, international tax, inheritance tax, VAT or National Insurance tax. Experts may also choose to specialize in land, trusts and estates. The beauty of a career in taxation is that it covers a lot of ground. The qualified expert can serve in a large taxation firm. The expert may also choose to work in a legal firm. Other options open to the expert include setting up his or her own firm or simply working for the relevant government agency.
Finally, it has to be stated that there is money to be made in taxation. Newly qualified CTAs (1-3 years) earn about 26,000-36,000 pounds sterling. Managers earn about 50,000-68,000 pounds and Principal/Directors earn 90,000-140,000 pounds. Clearly, tax jobs London can be considered a lucrative and a respectable way to earn a living.