TTPP101: Success in Senior Private-Sector Tax Roles After 20 Years in HMRC with Thomas Wallace

The Tax Professionals Podcast

Chapters
0:00
Thomas W
4:46
What spurred Tom moving from HMRC after 20 years?
7:22
How come Thomas decided to go straight into a 'senior role' in WTT straight from HMRC, and didn't go to a Big 4?
8:40
Why Thomas has been successful in the Senior Role, straight after HMRC, does he think?
11:39
Commercial awareness: an area where Thomas lacked at lot when he first left HMRC, what he means by this and how he addressed the shortfall
16:30
Critial thinking: super important skill for success but a dying art
18:37
Thomas's technical knowledge when he left HMRC - was it good enough?
23:22
What Thomas has learnt about business development (BD), winning clients, and winning work since leaving HMRC
28:29
Key skills to do well in tax outside of HMRC
38:37
Thomas's advice for someone that's thinking about leaving HMRC
40:30
The specialism that Thomas has landed on
The Tax Professionals Podcast
TTPP101: Success in Senior Private-Sector Tax Roles After 20 Years in HMRC with Thomas Wallace
May 20, 2024
Jack Bonehill

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Show notes: thetaxprofessionalspodcast.com/TTPP101

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Rough timings

  • A bit about Thomas and his tax career, and what spurred him to leave HMRC after 20 years
  • (8:30) Why Thomas believes he’s been successful in his senior role, straight from HMRC
  • (11:00) Commercial awareness: an area where Thomas lacked when he first left HMRC, what he means by commercial awareness and how he addressed the shortfall
  • (16:15) Discussion around critical thinking and its importance
  • (17:45) Thomas’s technical knowledge when he left HMRC – was it good enough?
  • (23:00) What Thomas has learnt about business development (BD), winning clients and winning work since leaving HMRC
  • (28:00) Key skills to do well outside HMRC
  • (38:15) Thomas’s advice for someone that’s thinking about leaving HMRC


Resources

TTPP62: Making the Move from HMRC to Private Practice with David Rose – His Story and Advice