SEARCH   
MEMBER LOGIN    

Tax Consultants in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Tax Consultants Market Research Report | SIC M69.203 | Mar 2015

Taxing times: Revenue generated from tax advisory services has remained volatile

IBISWorld’s Tax Consultants market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Deloitte LLP Deloitte LLP market share
Ernst & Young LLP Ernst & Young LLP market share
KPMG LLP KPMG LLP market share
PricewaterhouseCoopers LLP PricewaterhouseCoopers LLP market share
Industry Statistics & Market Size
Revenue
£4bn
Annual Growth 10-15
2.3%
Annual Growth 15-20
Purchase to read more
Profit
Purchase to read more
Employment
32,695
Businesses
6,894
Industry Analysis & Industry Trends

The Tax Consultants industry is expected to record modest revenue growth during the five years through 2014-15, expanding at an estimated compound annual rate of 2.3% to reach £3.8 billion. This indicates that the industry was less affected by the financial crisis and the bleak economic conditions that followed compared with other sectors. This is mainly due to relatively stable demand for personal and business income tax services, as businesses and individuals have to file tax returns irrespective of economic conditions. However, revenue generated from tax advisory services remained volatile as performance in this segment is closely linked to the state of the economy... purchase to read more

Industry Report - Industry Analysis Chapter

UK tax consultants avoided the worst effects of the downturn, helped by the relatively stable demand for personal and business income tax services. Regardless of economic conditions, businesses and consumers must file tax returns, and this provides the industry with a stable revenue base. However, cost-cutting measures meant that existing clients became more price sensitive and some sought more favourable arrangements. The industry has, therefore, displayed relatively low volatility, even though the tax advisory segment has fluctuated more significantly. As a result, industry revenue is estimated to grow at a steady compound annual rate of 2.3% over the five years through 2014-15. However, revenue has been inflated by the sharp decline in 2008-09 and 2009-10... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tax Consultants Industry?

Firms in the Tax Consultants industry prepare personal and business income tax returns and offer tax advisory services and non-legal representation before tax authorities. However, industry operators are not responsible for offering comprehensive management consultancy services like accounting services or the provision of budgetary control procedures.

Industry Products
Personal income tax servicesBusiness income tax servicesTax advisory services
 
Industry Activities
Providing personal income tax returnsProviding business income tax returnsOffering taxation advisory services


View Sample
Quote
Select Clients