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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 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
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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 - 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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