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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Investment Chapter

The Tax Consultants industry exhibits a low level of capital intensity. IBISWorld estimates that for every £1.00 spent on capital investment, industry operators will spend £16.70 on wages in 2014-15.

As with most service industries, the Tax Consultants industry is based around the use of human knowledge and labour to deliver services to clients. Specialist skills and knowledge of taxation regulations are required, with skilled professionals taking high salaries. In addition, the provision of tax advisory services needs to be tailored to the client's specific case, requiring high attention to detail and accuracy. Meanwhile, depreciation costs are low, which is indicative of a knowledge-based industry. Depreciable assets mainly include computer and office equipment... 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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