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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 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 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 - Industry Key Buyers Chapter

The Tax Consultants industry has a medium level of concentration. The four largest firms in the industry, PricewaterhouseCoopers, Deloitte, Ernst & Young and KPMG, are expected to account for 61.2% of industry revenue in 2015-16. The Big Four accounting firms are dominant in providing tax advisory services to large clients, particularly publicly listed companies. Work with these clients tends to yield a high level of revenue because they are involved in large and complex business transactions like mergers and acquisitions and initial public offerings. This is the main reason behind the Big Four accounting firms' market dominance measured by revenue... 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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