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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 | Mar 2014

Cashing in: Industry revenue is expected to increase as economic conditions improve

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 09-14
1.1%
Annual Growth 14-19
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Profit
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Employment
31,550
Businesses
6,829
Industry Analysis & Industry Trends

The Tax Consultants industry is expected to record relatively slow revenue growth during the five years through 2013-14, expanding at an estimated compound annual rate of 1.1% to reach £3.7 billion. This indicates that the industry was not significantly 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 returnsBusiness income tax returnsTax advisory services
 
Industry Activities
Personal income tax returnsBusiness income tax returnsTaxation advisory services


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