VAT Senior Associate at Farfetch

Porto, Porto District, Portugal

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Luxury Fashion, E-commerceIndustries

Requirements

Indirect tax consultant with minimum of 5 years of experience
Fluent in English (written and spoken)
Experience in EU VAT
Previous experience in e-commerce and/or fashion industry is an advantage
Dynamic and proactive person, with a high sense of responsibility and high autonomy
Excellent team player, with ability to adapt and interact with different departments (including Tech and other teams outside of the Finance area). Good communication skills are crucial
Results driven mind-set and problem-solving skills required

Responsibilities

Actively support the wider team in the preparation and design of procedures for implementation of new business lines and realities that business decides to take on. This will imply contact with multiple teams, ranging from Tech to Product, Commercial and Finance
Analyze new business lines, transactions, projects and procedures within FARFETCH to provide VAT advisory support. Help lead the team in identifying opportunities, designing solutions and/or improvement proposals
Actively support the more junior members of the team on projects, other business deliverables and/or day-to-day advisory requests received from the wider FARFETCH Group regarding VAT issues and questions
Review and monitor workflows, ensuring the more junior members keep tax related documentation updated and support them with the resolution of day-to-day advisory issues
Collaborate with the wider Indirect Tax team (including our internal Compliance & Reporting team) in any Indirect Tax workstreams. Be the point of contact on VAT advisory matters for the wider team

Skills

VAT

Indirect Tax

Tax Advisory

Compliance Procedures

Business Analysis

Cross-functional Collaboration

Financial Controls

Farfetch

Online marketplace for luxury fashion items

About Farfetch

Farfetch operates as a global online marketplace for luxury fashion, linking high-end brands and boutique retailers with consumers. The platform allows users to browse and purchase a wide range of luxury items, ensuring that both brands and retailers can reach a worldwide audience. Farfetch's business model is centered around facilitating these transactions, earning revenue primarily through commissions on sales made through its site. Additionally, it offers services like digital marketing and logistics to help its partners enhance their online presence. A distinguishing feature of Farfetch is its acquisition of LUXCLUSIF, a luxury resale platform, which enables it to cater to the growing demand for pre-owned luxury goods. The company's goal is to provide a seamless shopping experience for luxury fashion enthusiasts while supporting brands and retailers in expanding their reach.

London, United KingdomHeadquarters

2007Year Founded

$682.9MTotal Funding

IPOCompany Stage

Consumer Software, Consumer GoodsIndustries

1,001-5,000Employees

Benefits

Health Insurance

Flexible Work Hours

Employee Pension Scheme

Risks

Increased competition from Mytheresa could impact Farfetch's market share.

Farfetch faces challenges in maintaining its presence in the Chinese market.

The sale to Coupang indicates potential financial instability for Farfetch.

Differentiation

Farfetch connects luxury brands and consumers through a unique online marketplace.

The platform offers modular, API-enabled technology for luxury fashion brands.

Farfetch provides commerce solutions, enhancing brands' online presence and sales.

Upsides

Virtual try-on technology is gaining popularity in luxury fashion.

Farfetch can capitalize on Yoox Net-A-Porter's exit from China.

Exclusive partnerships, like with Officina Bernardi, enhance Farfetch's offerings.

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