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 Locations Chapter
Business activity in the Tax Consultants industry is closely correlated to the pattern of economic activity across the United Kingdom. In addition, the importance of private consumers as the largest market for the industry contributes to a population-based spread of tax industry services.
London, the South East and the East of England
London, as the commercial hub of the United Kingdom, has the highest proportion of business locations at 23.3%. It also has the second-highest share of the population by region, the highest levels of disposable income and a large proportion of high-income individuals. London is home to the majority of head offices, which conduct the tax affairs for the whole business rather than separate regional offices... purchase to read more