The Tax Specialist role performs critical functions within GBS day to day operations. It is vital to understand various North American Federal, State, County and City tax requirements based on fuel movement and fuel type as well as BP requirements during Tax related set ups.
Taking ownership to act on changes in tax laws or tax law interpretations, tax specialists utilize many tools to ensure that all mandated tax withholding is accurately set up. Tax specialists determine taxability by making decisions based on customer type, licensing, product use, and tax law interpretation. The specialist evaluates, makes decisions on, and completes the account tax set up and test invoicing for customers in the following business segments: Fuels Value Chain, Branded & Unbranded Jobbers, Dealers, Asphalt, and Hydrocarbons Value Chain(bulk). Different business segments have substantially different tax requirements, and understanding the differences is a critical aspect of this role.
Tax specialists interact with sales teams to determine accurate taxation quotes for prospective business, manufacturing, and railroad customers through analysis of the tax rate matrix. While creating, modifying, or cancelling tax setups the specialist interacts daily with customers, sales analysts, pricing, and BP corporate tax compliance analysts.
Responsibilities include tax evaluations, accurate setup of tax exemptions in systems, test invoices for both new and existing customers, and conducting user acceptance testing. Tax specialists plan and execute updates for all Global projects and work plans. Tax Specialists evaluate tax law changes or interpretation updates and are called upon to determine appropriate action plans and act upon them. Tax Specialists participate in or lead many various tax related audits and projects and develop action plans to improve processes and work to implement them.