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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 | Jul 2014

In the money: Revenue is forecast to expand as businesses embark on expansion projects

IBISWorld’s Tax Consultants market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
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Profit
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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 not as 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 SWOT Analysis Chapter

The Tax Consultants industry is in the mature phase of its life cycle. Industry value added, measuring the industry's contribution to the overall economy, is anticipated to grow at a compound annual rate of 2.7% over the 10 years through 2019-20, a slightly faster rate than the overall UK economy. Over the same period real GDP is expected to grow at a compound annual rate of 2.1%.

Tax consultants' services and markets have become well established, leaving little scope for significant growth driven by the introduction of new services or the emergence of new markets. The wholehearted acceptance of the services provided by industry participants is also characteristic of a mature industry... 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


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