For a company, tax is an integral and essential part of its overall business strategy. Successfully managed, it can make a real impact on the bottom line. Similarly, individuals can benefit from managing their affairs in a tax efficient manner. Our specialists work closely with clients in both these areas to help them determine the best way forward.
Companies may be making a decision about whether to invest in Ireland or Irish Companies may be considering expanding overseas. Companies may be reviewing their policies on staff remuneration and rewards. Individuals may have concerns regarding the management of their business and personal assets. Tax issues have a fundamental influence on these questions. We help businesses, organisations and individuals with their tax strategy, planning and compliance and provide business advice designed to meet our clients’ needs.
Who makes use of our services?
Our client base is extremely diverse and spans the full spectrum of the Irish economy, from individuals, start-ups and private companies through to listed businesses and multinational corporations.
How are we organised?
The 500 dedicated professionals who work with us in Tax and Legal Services (TLS) are split between the four industry-specific channels and four specialist tax groups. Each member of staff belongs to one of these channels as either an industry specialist relevant to a particular channel (e.g. Financial Services) or as a skills specialist (such as VAT) providing experienced technical advice to the various Channels.
Financial Services (FS)
We specialise in three core areas - Banking & Capital Markets, Investment Management and Insurance. Our clients include many of the leading domestic and multinational financial institutions which means you can expect to work on complex cross border transactions giving you experience in both Irish and international tax. Financial Services is a highly regulated and dynamic industry sector and our challenge is to develop tax solutions for our clients in areas such as leasing, treasury operations and funds to fit with their commercial aims.
Consumer & Industrial Products (CIP)
With 70 staff, CIP is the largest group in the TLS department and provides advice to Irish plcs, major multinational corporations, Semi-State organisations and a variety of privately owned Irish companies. Our clients operate in diverse industries, from Pharmaceuticals to Retail, and from Energy to Engineering. Working in the CIP group, the kind of projects you could be involved with include advising on mergers and acquisitions, management buy-outs, group reorganisations – and much more.
Technology, Information, Communication and Entertainment & Services (TICES)
Whether we’re advising an international airline that’s looking to invest in Ireland or an Irish software development company that’s thinking of expanding overseas, our work in TICES often has an international focus. The services we offer are incredibly varied – we’re involved with everything from making sure companies meet their tax filing and payment deadlines to advising on international tax planning and structuring. We liaise with the global PwC network to bring a complete range of services and solutions to meet our clients’ challenges and needs.
In BWS, we provide tailored business solutions to owner managed businesses, their shareholders and executives. Our team consists of specialists in all areas of taxation, including income, corporate and capital taxes. Join us here and you’ll be advising clients on issues such as the structuring of investments, the passing of wealth to the next generation, the acquisition or disposal of a business, and the management of the tax compliance process. We also have a dedicated real estate team advising on the structuring and management of Irish and international property assets.
We provide Value Added Tax knowledge to the tax practice’s four main industry groups, FS, CIP, TICES and BWS. We’re involved in a wide range of projects, including advising on the correct VAT rate for new products or services, assisting clients with Revenue Audits, managing VAT compliance obligations or advising on the VAT implications of property transactions. Our Irish VAT team consists of over 30 professionals advising on all aspects of VAT legislation and through our global network we assist clients with indirect tax issues, which arise in other countries.
We help a wide range of organisations to align their HR strategy with their overall business performance by managing the relevant financial, tax, regulatory, operational, risk management and compliance challenges. Our focus is on issues such as employment tax, reward and international mobility but we also offer additional support services including executive resourcing, pensions, workforce reduction, immigration and employment law services. Our clients include global or multinational companies as well as local and public sector organisations.
As part of PwC’s international tax structuring network, we work with colleagues around the world to help clients with cross-border operations optimise their tax strategy. Join us in this area and you’ll be involved in advising on inbound and outbound structuring, managing intellectual property, the use of holding companies, cross-border financing and treasury solutions and the intricacies of EU Tax law. The team brings a broad range of commercial skills and the nature of our work means that international secondments are not unusual.
Customs, Excise and Trade
Custom duties, rules and regulations can have a positive or negative impact on our clients’ businesses. If not managed correctly, they can add to costs, erode competitiveness and limit or even prevent the movement of products. As the leading provider of customs and excise experience in the Irish market, we offer unrivalled national and international experience along with the necessary legal, accounting, scientific and engineering support. Our clients include Chemical, Pharmaceutical, Healthcare and Technology Companies and as part of the team, you’ll work to help maximise the benefits from the relief schemes available to them and don’t incur unnecessary duties.
Our clients include some of the world’s largest multinational corporations and many top-level Irish companies in areas as diverse as Financial Services, Entertainment, Telecoms and Retail. To start with, you’ll be helping these organisations to meet their company secretarial and filing obligations, interpreting legislation, identifying precedents and liaising with the Companies Registration Office.
Pensions Solutions Group (PSG)
This group consists of pension and actuarial specialists who advise clients on employee benefits and specifically company pensions. This team helps to devise innovative pension solutions that take into account the demands of each client and the industry in which they operate. They are responsible for advising clients of changes in pensions legislation, as well as having a key part to play in the design and roll-out of the schemes themselves.
Route 1 – Direct Entry - Associate of the Irish Taxation Institute (AITI)
The primary qualification for graduates joining TLS is the AITI. The firm will pay the following fees in respect of the AITI:
Registration, exemption, course and exam entry fees
Annual subscription
Textbooks and legislation where recommended by the Irish Taxation Institute but which aren’t included in the course fee
Route 2 – Direct Entry - Associate of the Institute of Chartered Accountants (ACA) & Associate of the Irish Taxation Institute (AITI)
A number of graduates may choose to study the ACA and AITI qualifications while working in TLS. If you choose to do this, you must first complete your ACA qualification and then complete your study for the AITI qualification.
The firm will pay both the ACA and AITI fees (as outlined in Route 1 above) which arise during your training. The ACA fees include:-
Some of the business graduates whom we recruit will be offered sponsorship on the post graduate Masters of Accounting courses at the following locations:
Waterford Institute of Technology
(students must have cleared CAP1 exemptions based on their primary degree and need to obtain over 50% in all examinations in line with ICAI)
Letterkenny Institute of Technology
(students must have cleared CAP1 exemptions based on their primary degree and need to obtain over 50% in all examinations in line with ICAI)
Postgraduate Diploma in Advanced Accounting – University of Ulster, Jordanstown
(students must have cleared CAP1 exemptions based on their primary degree and need to obtain over 50% in all examinations in line with ICAI)
MBS in Accounting – Dublin City University
(students must have cleared CAP1 exemptions based on their primary degree)
MSc Accounting & Finance – Dublin Institute of Technology
(students must have cleared CAP1 exemptions based on their primary degree and need to obtain over 50% in all examinations in line with ICAI)
Students being sponsored on the Masters of Accounting at UCD and not in receipt of a grant for course fees will receive a contribution of €7,000 towards the course fees. We provide laptops for all those undertaking Masters of Accounting courses.
For students sponsored on other accounting postgraduate courses, we will pay the course fees in full, up to €7,000.
The firm will pay a scholarship award of €2,500 and a €575 book allowance for students being sponsored on all accounting postgraduate courses who join the TLS practice.
Students recruited who are currently pursuing a postgraduate course in accounting will receive an allowance of €2,500.
Route 4 - Professional Diploma in Accounting
If you are a non-business graduate you may wish to study for the Professional Diploma in Accounting (PDA) before joining the firm. We will sponsor you to do the PDA at any of the following locations:
University of Ulster, Jordanstown
(must obtain over 50% in all examinations in line with ICAI)
For students sponsored a PDA course and not in receipt of a grant for course fees, we will pay the course fees in full, up to €7,000.
Students who are joining the TLS practice and who are being sponsored on the PDA, will receive a scholarship award of €2,500 and a €575 book allowance.
Graduates who join PwC after successfully completing the PDA should visit the ICAI website for further information on exemptions from ACA examinations.
What better way to find out more about PwC than to meet our people
