Hiring and Sponsoring Taxation experts (SOC Code 2423)

Taxation Experts, classified under SOC Code 2423, are specialized professionals who play a crucial role in the financial and legal sectors by ensuring compliance and advising on tax matters. Their work includes a wide range of responsibilities related to taxation, such as:

• Examining Accounts: Assess the financial records of industrial, commercial, and other establishments to accurately determine their tax liabilities.
• Adjusting Claims: Modify tax claims as necessary based on precise calculations and compliance with current tax laws.
• Addressing Tax Issues: Evaluate and provide solutions for complex issues regarding personal and company taxation.
• Staying Updated: Keep abreast of all changes in tax legislation and legal precedents to provide informed advice.
• Consulting with Specialists: Engage in discussions on disputed cases with accountants and other tax specialists to find resolutions.
• Representing Clients: Act on behalf of clients, government agencies, or employers in contested claims before tax officials or independent tribunals.

With the evolving landscape of taxation and increasing complexity of tax regulations, the demand for skilled taxation experts continues to rise, making it a critical area for HR professionals to navigate when hiring and sponsoring talent in the UK. This guide aims to assist in understanding the process involved under the UK’s immigration system.

What is SOC Code 3411 for Taxation experts?

SOC Code 2423 refers to taxation experts who evaluate financial records to determine tax obligations. Their responsibilities can include:

• Examining accounts: Analyzing the financial records of industrial, commercial, and other entities to assess their tax liability.
• Adjusting claims: Modifying tax claims as needed based on findings from account examinations.
• Handling specific taxation issues: Addressing unique challenges associated with various types of personal and corporate taxation.
• Staying updated on tax law: Keeping informed about changes in tax legislation and legal precedents.
• Collaborating with specialists: Discussing disputed tax cases with accountants and other professionals to find resolutions.
• Representation in disputes: Acting on behalf of the government, clients, or employers in contested claims before tax authorities or independent tribunals.

Taxation experts play a vital role in ensuring compliance with tax regulations, aiding in the resolution of tax disputes, and advising clients on effective tax strategies.

Eligibility to Hire Taxation experts (SOC Code 3411)

1. Job Requirements

Taxation experts seeking opportunities must demonstrate a comprehensive understanding of tax regulations and possess certain qualifications or experience criteria. These may include:

• Professional expertise: In-depth knowledge of various personal and company taxation rules and regulations.
• Experience: Proven track record in examining accounts, determining tax liabilities, and adjusting claims.
• Problem-solving skills: Ability to address complex issues related to tax law and financial discrepancies.
• Continuous education: Commitment to staying abreast of changes in tax law and legal precedents through ongoing professional development.
• Communication skills: Proficient in discussing disputed cases with accountants and other specialists, and representing clients before tax officials or tribunals.
• Education: A degree in accounting, finance, or a related field is often advantageous, alongside necessary certifications such as CPA or CTA.

Ensure that the job description aligns with SOC Code 2423 and that the taxation expert’s experience and work meet the expectations for the role.

1. Salary Thresholds
2. Use the Minimum Salary Calculator to ensure your salary offer meets immigration requirements.

Sponsoring Taxation experts: A Step-by-Step Guide for HR Professionals

Once you’ve confirmed that the role and candidate meet the eligibility requirements, follow this step-by-step guide to sponsoring Taxation experts under SOC Code 2423.

Step 1: Obtain a Sponsor Licence

Before hiring non-UK Taxation experts, your company or institution must obtain a sponsor licence. This licence enables you to legally sponsor overseas Taxation experts under the Skilled Worker Visa program.

• Sponsor Licence Application: Submit documentation proving that your business is legitimate and has a genuine vacancy. Visit the sponsor licence application guide for more information. 
• Sponsor Licence Fees: Small businesses typically pay £574, while larger institutions pay £1,579. For more information, visit the sponsor licence fees guide. 
• Processing Time: Applications typically take up to 8 weeks, but using the Sponsor Licence Priority Service can reduce the processing time to 10 working days.

Once your sponsor licence is approved, you will receive a sponsor licence number, which allows you to assign Certificates of Sponsorship (CoS).

Step 2: Assign a Certificate of Sponsorship (CoS)

Once you have your sponsor licence, the next step is to assign a CoS to the Taxation experts. This document provides key details about the job and the individual being sponsored.

• Defined vs Undefined CoS: Use a Defined CoS for Taxation experts applying from outside the UK, and an Undefined CoS for those already in the UK. Learn more in the Defined & Undefined Certificates of Sponsorship guide. 
• Required Documents: Provide details such as the Taxation experts’s portfolio, passport and job offer. Refer to Documents Required for Certificate of Sponsorship for a full list of necessary documents.

Step 3: Apply for the Skilled Worker Visa

Once the CoS is issued, the Taxation experts can apply for the Skilled Worker Visa.

• Visa Fees: Fees vary depending on the role and visa length—use the visa fees calculator to estimate the costs. 
• Immigration Skills Charge: Employers are required to pay this charge as part of sponsoring non-UK workers. This is separate from visa fees.

Conducting a Right to Work Check for Taxation experts

Before the Taxation experts begins working, you must conduct a right to work check to ensure they are legally allowed to work in the UK.

• Manual Right to Work Check: Verify original documents such as the Taxation experts’s passport and visa. 
• Online Right to Work Check: If the Taxation experts holds an eVisa, you can use the UK government’s online system to verify their right-to-work status.

For more details on how to perform these checks, see the right to work check guide.

Post-Hiring Responsibilities and Compliance

1. Record-Keeping and Reporting  
2. • Record-Keeping: Maintain accurate and up-to-date records of the Taxation experts’s employment details, salary and contact information. 
   • Reporting Changes: Report any significant changes to the Taxation experts’s role—such as promotions or salary increases—via the Sponsor Management System (SMS).
3. Sponsor Licence Duties and Compliance
4. Failure to comply with your sponsor licence duties can result in penalties or sponsor licence revocation, impacting your ability to sponsor future Taxation expertss.

How Borderless Can Help with Sponsoring Taxation experts

Sponsoring Taxation experts under SOC Code 2423 can be a complex process, but Borderless can simplify it for you. We offer comprehensive support to help you manage the entire sponsorship process.

End-to-End Sponsorship Support

At Borderless, we assist with:

• Sponsor Licence Application: Guiding you through the application process and ensuring all required documents are submitted correctly. 
• Certificate of Sponsorship Assignment: Streamlining the CoS process to make hiring easier. 
• Compliance Management: Helping you stay compliant with immigration laws to avoid penalties.

If you need assistance with hiring or sponsoring Taxation experts, get in touch for personalised support.

Conclusion

Hiring and sponsoring Taxation experts under SOC Code 2423 can be a rewarding way to enrich the cultural landscape of your organisation. By following the steps outlined in this guide, you can successfully navigate the sponsorship process while ensuring compliance with UK immigration laws.

For further guidance, Borderless is ready to assist you with all your sponsorship needs. Contact us for expert advice.