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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 | Dec 2015

Adding up: Demand is expected to rise as businesses embark on expansion projects

IBISWorld’s Tax Consultants market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 11-16
2.0%
Annual Growth 16-21
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Profit
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Employment
32,893
Businesses
6,991
Industry Analysis & Industry Trends

The Tax Consultants industry is expected to record modest revenue growth during the five years through 2015-16, expanding at an estimated compound annual rate of 2% to reach £3.9 billion. The industry was somewhat protected from the poor economic conditions of the relatively recent past. 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. Industry profit margins were low at the start of the period, but have since improved due to cost reduction initiatives and rising revenue... purchase to read more

Industry Report - Starting a New Business Chapter

From a practical standpoint, barriers to entry in the Tax Consultants industry are relatively low. In particular, barriers to entry into the personal and small-business tax services markets are low. Many operators in this segment are small partnerships, illustrating that scale is not a prerequisite to competing effectively. The majority of firms in the industry operate as small, local providers of tax services catering to the needs of private consumers. This, in conjunction with the industry's low capital-investment requirements, keeps start-up costs low for firms entering the personal and small-business areas of tax consulting... 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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