- More than 150 jobs created for new ‘centre of excellence’
More than 150 jobs are to be created from this summer at a new ‘Tax Centre of Excellence’ in Glasgow’s International Financial Services District by professional services firm KPMG. The new specialist centre will further enhance compliance services to clients across the UK. Tax compliance work involves checking for a client – either an individual or a company – that their tax returns are in full compliance with all applicable tax regulations and that the necessary information has been given with required supporting evidence.
The new centre of excellence will open in the summer of this year and will handle tax compliance work from the firm’s 22 UK offices. As well as a significant investment by KPMG, Scottish Enterprise has offered a Regional Selective Assistance grant of up to £1.7m.
A 10-year lease has been signed at 123 St Vincent Street in the city’s financial district.
Jane McCormick, KPMG’s Head of Tax & Pensions in the UK, said: “The new UK tax centre of excellence is a major strategic investment for KPMG which will enhance the level of compliance service we provide to clients across the country.
“Our investment means that we continue to be at the leading edge of compliance delivery to our clients. Our investment in technology will complement our dedicated team of compliance experts to enhance the local relationships we already have with our clients. Creating this dedicated tax compliance team in Glasgow allows our tax professionals across the UK to focus on providing high quality client advice in an ever-changing fiscal environment.”
Recruitment for the new centre will start in mid-April with the firm looking to fill a variety of positions, many of which will be available with flexible working hours, from a variety of groups such as graduates, new parents returning to work, or more mature professionals looking for a different career path.
Lena Wilson, Chief Executive of Scottish Enterprise, said: “We’re delighted that KPMG have chosen to base their Tax Centre of Excellence in Scotland.
“It’s a testament to the quality of the Scottish workforce, and the strength of our business community, that this major new investment is coming to Glasgow. We look forward to working in partnership with KPMG as the project continues to develop.”
Craig Anderson, Senior Partner at KPMG in Scotland, said the new centre would be a very welcome addition to the firm’s existing presence in Scotland:
“Glasgow faced stern competition from a number of other locations. What won it was a combination of a high quality resource pool and accommodation coupled with enthusiastic and tangible support from local Universities and Scottish Enterprise.
“In what remains a challenging economic time for many businesses and individuals, we are delighted to be able to welcome this fresh investment and offer many people the prospect of an exciting and rewarding career at KPMG.”
Media enquiries to:
Phil Addicott, Big Partnership 0141 333 9585
Mark Hamilton, KPMG Corporate Communications 020 7694 2687
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
About Scottish Enterprise & Scottish Development International
Scottish Enterprise is Scotland's main economic development agency and aims to deliver a significant, lasting effect on the Scottish economy by identifying and exploiting the best opportunities for economic growth.
Scottish Development International (SDI) is a partnership between the Scottish Government, Scottish Enterprise and Highlands and Islands Enterprise, which works to attract inward investment to Scotland and helps Scottish based companies to trade overseas.
About Regional Selective Assistance
Regional Selective Assistance (RSA) is the main national scheme of financial assistance to industry. It provides discretionary grants to investment projects that will create and safeguard employment in areas designated for regional aid under European Community law.
Payment of RSA is made in instalments, typically over several years as job and capital expenditure targets are met. Not all projects will proceed, and nor do all accepted offers result in full payment, as projects are sometimes scaled down or abandoned before payments are made. The figures quoted represent the maximum grant potentially payable if the project is satisfactorily completed, and not the amount actually paid to date. All job numbers are firms’ forecast figures, and are subject to change depending on future economic conditions and other factors affecting the businesses concerned. For more information go to http://www.scottish-enterprise.com/rsa