15: Tax computations and assessments

Objectives:

Extract and analyse data from financial records and filing information to prepare tax computations and
related documents.

While working in JLL, we had to prepare Vat computation for many clients. For many clients I have prepared
vat information which was extracted from the bi monthly financial records, to make sure all the invoices and
have been paid and Vat information for the paid invoices have been correctly recorded. Every bi monthly Vat
filing information was prepared and reflect the information is correct and matching with the Trial balance and
general Ledger.

Prepare or contribute to the computation or assessment of tax for individuals or single companies or groups
and other entities.

While my time in JLL I have prepared many Vat returns for the clients' tax advisors and I have contributed
significantly in to make sure the vat information is correct and clarify any queries raised by the tax advisors to
make sure the files have been filed correctly to revenue commissions

Use appropriate technology to prepare tax computations or assessments and related documents.

We were provided the most advanced software call Yardi Propware to extract the information, and gather
the information as per the clients’ requirement. Such technology provided by JLL have been great tool to
meet the requirement of the client in efficient manner.

Prepare or contribute to computations or assessments of indirect tax liabilities.

In JLL in most of the cases we have prepared or contributed to calculate the indirect Tax liability like Value
added Tax for different clients.

Explain the basis of tax calculations and the interpretation of the effect of current legislation and case law
and ethical frameworks.

Value Added Tax (Vat) is indirect tax in Ireland, from filing point of view Vat should be filed every Bi-Monthly,
6 monthly or annually. In JLL, most of the clients were opted to file the Vat return on Bi-Monthly basis. Tax
calculation is based on the sales invoices raised in the period and tax element of the invoices raised with in
the filing period would be treated as input Vat and the Tax element of the expenses paid to supplier treated
as output Vat. The net effect of tax liability/refund would be generated when vat input would be subtracted
form vat output. Every Company have their ethical obligation to follow the rules set by the legislation. Under
the JLL ethics and compliance we were always obliged follow the confidentiality, integrity and competence to
make sure the Vat information provided to tax advisors are not misleading and complete.